Redwood Trust Inc.’s recently made public that its Chief Financial Officer Carillo Brooke acquired Company’s shares for reported $93720.0 on May 30 ’24. In the deal valued at $6.25 per share,15,000 shares were bought. As a result of this transaction, Carillo Brooke now holds 56,772 shares worth roughly $0.37 million.
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Wedbush downgraded its Redwood Trust Inc. [RWT] rating to a Neutral from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in early December with a ‘”a Buy”‘ rating. BTIG Research also remained covering RWT and has increased its forecast on December 05, 2023 with a “Buy” recommendation from previously “Neutral” rating. Piper Sandler revised its rating on June 15, 2023. It rated RWT as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of RWT
On Friday, Redwood Trust Inc. [NYSE:RWT] saw its stock fall -0.31% to $6.50. Over the last five days, the stock has gained 2.69%. Redwood Trust Inc. shares have fallen nearly -12.28% since the year began. Nevertheless, the stocks have risen 0.15% over the past one year. While a 52-week high of $8.30 was reached on 01/02/24, a 52-week low of $5.45 was recorded on 04/16/24. SMA at 50 days reached $6.18, while 200 days put it at $6.70. A total of 0.91 million shares were traded, compared to the trading of 1.05 million shares in the previous session.
Levels Of Support And Resistance For RWT Stock
The 24-hour chart illustrates a support level at 6.44, which if violated will result in even more drops to 6.38. On the upside, there is a resistance level at 6.57. A further resistance level may holdings at 6.63. The Relative Strength Index (RSI) on the 14-day chart is 57.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 17.95%. Stochastics %K at 88.56% indicates the stock is a selling.
The most recent change occurred on October 05, 2022 when Wedbush began covering the stock and recommended ‘”an Outperform”‘ rating along with a $9 price target.
