Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. RCI Hospitality Holdings Inc shares valued at $25,010 were purchased by Elaine Johnson Martin on May 23 ’24. At $46.40 per share, Elaine Johnson Martin acquired 539 shares. The insider’s holdings grew to 10,530 shares worth approximately $0.43 million following the completion of this transaction.
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Also, Elaine Johnson Martin purchased 64 shares, netting a total of over 3,024 in proceeds. Following the buying of shares at $47.25 each, the insider now holds 9,991 shares.
Before that, Elaine Johnson Martin had added 842 shares to its account. In a trade valued at $40,458, the Director bought RCI Hospitality Holdings Inc shares for $48.05 each. Upon closing the transaction, the insider’s holdings increased to 842 shares, worth approximately $0.4 million.
As published in their initiating research note from H.C. Wainwright on November 29, 2022, RCI Hospitality Holdings Inc [RICK] has been a Buy and the price target has been revised to $120. Analysts at Noble Capital Markets started covering the stock with ‘”an Outperform”‘ outlook in a report released in early February. As of December 02, 2016, Sidoti has initiated its “Buy” rating for RICK. Earlier on May 11, 2011, Brean Murray resumed its rating. Their recommendation was “a Buy” for RICK stock.
Analyzing RICK Stock Performance
During the last five days, there has been a drop of approximately -6.07%. Over the course of the year, RCI Hospitality Holdings Inc shares have dropped approximately -38.77%. Shares of the company reached a 52-week high of $67.14 on 01/02/24 and a 52-week low of $39.04 on 07/03/24. A 50-day SMA is recorded $46.61, while a 200-day SMA reached $55.25. Nevertheless, trading volume fell to 0.19 million shares from 0.13 million shares the previous day.
Support And Resistance Levels for RCI Hospitality Holdings Inc (RICK)
According to the 24-hour chart, there is a support level at 38.94, which, if violated, would cause prices to drop to 37.77. In the upper region, resistance lies at 41.39. The next price resistance is at 42.67. RSI (Relative Strength Index) is 30.05 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.30, which suggests the price will decrease in the coming days. Percent R is at 84.46%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.
