In a filing, Ready Capital Corp revealed its Director NATHAN GILBERT E acquired Company’s shares for reported $82860.0 on May 24 ’24. In the deal valued at $8.29 per share,10,000 shares were bought. As a result of this transaction, NATHAN GILBERT E now holds 95,249 shares worth roughly $0.78 million.
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Then, NATHAN GILBERT E bought 7,000 shares, generating $63,832 in total proceeds. Upon buying the shares at $9.12, the Director now owns 7,000 shares.
Before that, NATHAN GILBERT E bought 2,150 shares. Ready Capital Corp shares valued at $19,629 were divested by the Director at a price of $9.13 per share. As a result of the transaction, NATHAN GILBERT E now holds 85,249 shares, worth roughly $0.7 million.
Ladenburg Thalmann downgraded its Ready Capital Corp [RC] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who decreased its forecast for the stock in early March from “a Mkt perform” to “an Underperform”. Raymond James also remained covering RC and has decreased its forecast on December 18, 2023 with a “Mkt perform” recommendation from previously “an Outperform” rating.
Price Performance Review of RC
On Friday, Ready Capital Corp [NYSE:RC] saw its stock fall -2.50% to $8.18. Over the last five days, the stock has lost -3.42%. Ready Capital Corp shares have fallen nearly -20.20% since the year began. Nevertheless, the stocks have fallen -26.31% over the past one year. While a 52-week high of $11.97 was reached on 01/12/24, a 52-week low of $7.93 was recorded on 05/29/24. SMA at 50 days reached $8.50, while 200 days put it at $9.41. A total of 2.43 million shares were traded, compared to the trading of 1.58 million shares in the previous session.
Levels Of Support And Resistance For RC Stock
The 24-hour chart illustrates a support level at 8.10, which if violated will result in even more drops to 8.02. On the upside, there is a resistance level at 8.24. A further resistance level may holdings at 8.29. The Relative Strength Index (RSI) on the 14-day chart is 42.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.82%. Stochastics%K at 48.30% indicates the stock is a holding.
