Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Radian Group, Inc. shares valued at $1,096,571 were sold by Brummer Derek on May 24 ’24. At $31.33 per share, Brummer Derek sold 35,000 shares. The insider’s holdings dropped to 218,023 shares worth approximately $7.76 million following the completion of this transaction.
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Also, McMahon Brien sold 74,740 shares, netting a total of over 2,324,623 in proceeds. Following the sale of shares at $31.10 each, the insider now holds 133,606 shares.
Before that, Ray Eric had sold 65,305 shares from its account. In a trade valued at $2,027,753, the Sr. EVP, Chief Digital Officer traded Radian Group, Inc. shares for $31.05 each. Upon closing the transaction, the insider’s holdings decreased to 65,305 shares, worth approximately $1.91 million.
As published in a research note from Keefe Bruyette on June 03, 2024, Radian Group, Inc. [RDN] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $36 from $35. Analysts at Keefe Bruyette downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in early April. As of December 13, 2023, Keefe Bruyette has increased its “Mkt perform” rating to a “an Outperform” for RDN. Earlier on December 06, 2023, UBS initiated its rating. Their recommendation was “a Neutral” for RDN stock.
Analyzing RDN Stock Performance
During the last five days, there has been a drop of approximately -2.31%. Over the course of the year, Radian Group, Inc. shares have jumped approximately 24.69%. Shares of the company reached a 52-week high of $37.86 on 07/31/24 and a 52-week low of $26.11 on 02/08/24. A 50-day SMA is recorded $32.35, while a 200-day SMA reached $29.61. Nevertheless, trading volume fell to 1.32 million shares from 0.96 million shares the previous day.
Support And Resistance Levels for Radian Group, Inc. (RDN)
According to the 24-hour chart, there is a support level at 34.54, which, if violated, would cause prices to drop to 33.49. In the upper region, resistance lies at 37.14. The next price resistance is at 38.69. RSI (Relative Strength Index) is 60.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.99, which suggests the price will decrease in the coming days. Percent R is at 46.31%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
