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Repay Holdings Corporation [RPAY] Shares Fall -3.47% on Wednesday

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Repay Holdings Corporation shares valued at $642,773 were sold by Murphy Timothy John on Mar 21 ’24. At $11.03 per share, Murphy Timothy John sold 58,275 shares. The insider’s holdings dropped to 506,924 shares worth approximately $4.65 million following the completion of this transaction.

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Also, Murphy Timothy John sold 10,549 shares, netting a total of over 116,039 in proceeds. Following the sale of shares at $11.00 each, the insider now holds 574,850 shares.

Before that, Murphy Timothy John had sold 47,195 shares from its account. In a trade valued at $471,950, the Chief Financial Officer traded Repay Holdings Corporation shares for $10.00 each. Upon closing the transaction, the insider’s holdings decreased to 47,195 shares, worth approximately $5.39 million.

As published in their initiating research note from The Benchmark Company on February 13, 2024, Repay Holdings Corporation [RPAY] has been a Buy and the price target has been revised to $10. Analysts at BMO Capital Markets started covering the stock with ‘”a Market perform”‘ outlook in a report released in early December. As of October 20, 2023, UBS has initiated its “Neutral” rating for RPAY. Earlier on September 12, 2023, Berenberg initiated its rating. Their recommendation was “a Hold” for RPAY stock.

Analyzing RPAY Stock Performance

During the last five days, there has been a drop of approximately -10.19%. Over the course of the year, Repay Holdings Corporation shares have jumped approximately 7.38%. Shares of the company reached a 52-week high of $11.27 on 06/11/24 and a 52-week low of $7.04 on 01/19/24. A 50-day SMA is recorded $10.25, while a 200-day SMA reached $8.71. Nevertheless, trading volume fell to 4.25 million shares from 3.65 million shares the previous day.

Support And Resistance Levels for Repay Holdings Corporation (RPAY)

According to the 24-hour chart, there is a support level at 9.00, which, if violated, would cause prices to drop to 8.82. In the upper region, resistance lies at 9.46. The next price resistance is at 9.74. RSI (Relative Strength Index) is 30.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.69, which suggests the price will decrease in the coming days. Percent R is at 72.53%, indicating bearish price movement. Stochastics%K at holding indicates that the stock is to be held.

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