RE/MAX Holdings Inc’s recent filing unveils that its 10% Owner Peterson Adam K acquired Company’s shares for reported $0.19 million on Jun 28 ’24. In the deal valued at $8.27 per share,23,500 shares were bought. As a result of this transaction, Peterson Adam K now holds 3,124,152 shares worth roughly $25.31 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Peterson Adam K bought 2,180 shares, generating $17,505 in total proceeds. Upon buying the shares at $8.03, the 10% Owner now owns 3,100,652 shares.
Before that, Peterson Adam K bought 12,000 shares. RE/MAX Holdings Inc shares valued at $100,080 were divested by the 10% Owner at a price of $8.34 per share. As a result of the transaction, Peterson Adam K now holds 3,098,472 shares, worth roughly $25.1 million.
JP Morgan downgraded its RE/MAX Holdings Inc [RMAX] rating to an Underweight from a a Neutral in a research note published on December 18, 2023; the price target was decreased to $14 from $16. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in early November from “an Equal-weight” to “an Underweight”. BTIG Research began covering RMAX with “Neutral” recommendation on July 18, 2023. Stephens revised its rating on February 21, 2023. It rated RMAX as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of RMAX
On Friday, RE/MAX Holdings Inc [NYSE:RMAX] saw its stock fall -1.10% to $8.10. Over the last five days, the stock has lost -1.46%. RE/MAX Holdings Inc shares have fallen nearly -39.23% since the year began. Nevertheless, the stocks have fallen -57.90% over the past one year. While a 52-week high of $20.48 was reached on 01/02/24, a 52-week low of $6.94 was recorded on 04/24/24. SMA at 50 days reached $8.19, while 200 days put it at $9.90. A total of 0.52 million shares were traded, compared to the trading of 0.1 million shares in the previous session.
Levels Of Support And Resistance For RMAX Stock
The 24-hour chart illustrates a support level at 7.95, which if violated will result in even more drops to 7.79. On the upside, there is a resistance level at 8.30. A further resistance level may holdings at 8.49. The Relative Strength Index (RSI) on the 14-day chart is 46.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.00%. Stochastics%K at 32.70% indicates the stock is a holding.
