Radian Group, Inc.’s recently made public that its President, Mortgage Insurance Brummer Derek unloaded Company’s shares for reported $1.1 million on May 24 ’24. In the deal valued at $31.33 per share,35,000 shares were sold. As a result of this transaction, Brummer Derek now holds 218,023 shares worth roughly $7.4 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, McMahon Brien sold 74,740 shares, generating $2,324,623 in total proceeds. Upon selling the shares at $31.10, the Sr.EVP/Chief Franchise Officer now owns 133,606 shares.
Before that, Ray Eric sold 65,305 shares. Radian Group, Inc. shares valued at $2,027,753 were divested by the Sr. EVP, Chief Digital Officer at a price of $31.05 per share. As a result of the transaction, Ray Eric now holds 53,791 shares, worth roughly $1.83 million.
Keefe Bruyette upgraded its Radian Group, Inc. [RDN] rating to an Outperform from a a Mkt perform in a research note published on June 03, 2024; the price target was increased to $36 from $35. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who decreased its forecast for the stock in early April from “an Outperform” to “a Mkt perform”. Keefe Bruyette also remained covering RDN and has increased its forecast on December 13, 2023 with a “an Outperform” recommendation from previously “Mkt perform” rating. UBS started covering the stock on December 06, 2023. It rated RDN as “a Neutral”.
Price Performance Review of RDN
On Monday, Radian Group, Inc. [NYSE:RDN] saw its stock fall -2.86% to $33.94. Over the last five days, the stock has lost -7.22%. Radian Group, Inc. shares have risen nearly 18.88% since the year began. Nevertheless, the stocks have risen 23.51% over the past one year. While a 52-week high of $37.86 was reached on 07/31/24, a 52-week low of $24.56 was recorded on 02/08/24. SMA at 50 days reached $32.48, while 200 days put it at $29.69. A total of 1.25 million shares were traded, compared to the trading of 1.15 million shares in the previous session.
Levels Of Support And Resistance For RDN Stock
The 24-hour chart illustrates a support level at 33.25, which if violated will result in even more drops to 32.57. On the upside, there is a resistance level at 34.33. A further resistance level may holdings at 34.72. The Relative Strength Index (RSI) on the 14-day chart is 47.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.86, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.00%. Stochastics%K at 34.78% indicates the stock is a holding.
The most recent change occurred on November 15, 2023 when Barclays began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $28 price target.
