Runway Growth Finance Corp’s recent filing unveils that its Director OCM Growth Holdings LLC unloaded Company’s shares for reported $4.76 million on Jun 10 ’24. In the deal valued at $11.90 per share,400,000 shares were sold. As a result of this transaction, OCM Growth Holdings LLC now holds 10,779,668 shares worth roughly $113.08 million.
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Then, OCM Growth Holdings LLC sold 4,312,500 shares, generating $49,593,750 in total proceeds. Upon selling the shares at $11.50, the Director now owns 11,179,668 shares.
Before that, SPRENG R DAVID bought 5,000 shares. Runway Growth Finance Corp shares valued at $59,400 were divested by the President and CEO at a price of $11.88 per share. As a result of the transaction, SPRENG R DAVID now holds 64,532 shares, worth roughly $0.68 million.
BofA Securities initiated its Runway Growth Finance Corp [RWAY] rating to a Neutral in a research note published on June 28, 2024; the price target was $12. A number of analysts have revised their coverage, including Compass Point’s analysts, who decreased its forecast for the stock in early May from “a Buy” to “a Neutral”. Oppenheimer also remained covering RWAY and has decreased its forecast on March 08, 2024 with a “Perform” recommendation from previously “an Outperform” rating. Ladenburg Thalmann revised its rating on March 08, 2024. It rated RWAY as “a Neutral” which previously was an “a Buy”.
Price Performance Review of RWAY
On Friday, Runway Growth Finance Corp [NASDAQ:RWAY] saw its stock fall -6.67% to $10.49. Over the last five days, the stock has lost -8.86%. Runway Growth Finance Corp shares have fallen nearly -15.97% since the year began. Nevertheless, the stocks have fallen -19.48% over the past one year. While a 52-week high of $13.66 was reached on 02/23/24, a 52-week low of $10.77 was recorded on 08/09/24. SMA at 50 days reached $11.74, while 200 days put it at $12.42. A total of 1.01 million shares were traded, compared to the trading of 0.31 million shares in the previous session.
Levels Of Support And Resistance For RWAY Stock
The 24-hour chart illustrates a support level at 10.13, which if violated will result in even more drops to 9.78. On the upside, there is a resistance level at 11.19. A further resistance level may holdings at 11.90. The Relative Strength Index (RSI) on the 14-day chart is 21.82, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.38%. Stochastics%K at 23.44% indicates the stock is a holding.
