In a filing, RE/MAX Holdings Inc revealed its 10% Owner Peterson Adam K acquired Company’s shares for reported $4134.0 on Jul 02 ’24. In the deal valued at $7.92 per share,522 shares were bought. As a result of this transaction, Peterson Adam K now holds 3,150,674 shares worth roughly $29.87 million.
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Then, Peterson Adam K bought 26,000 shares, generating $208,780 in total proceeds. Upon buying the shares at $8.03, the 10% Owner now owns 3,150,152 shares.
Before that, Peterson Adam K bought 23,500 shares. RE/MAX Holdings Inc shares valued at $194,345 were divested by the 10% Owner at a price of $8.27 per share. As a result of the transaction, Peterson Adam K now holds 3,124,152 shares, worth roughly $29.62 million.
JP Morgan downgraded its RE/MAX Holdings Inc [RMAX] rating to an Underweight from a a Neutral in a research note published on December 18, 2023; the price target was decreased to $14 from $16. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in early November from “an Equal-weight” to “an Underweight”. BTIG Research began covering RMAX with “Neutral” recommendation on July 18, 2023. Stephens revised its rating on February 21, 2023. It rated RMAX as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of RMAX
On Friday, RE/MAX Holdings Inc [NYSE:RMAX] saw its stock jump 9.47% to $9.48. Over the last five days, the stock has gained 3.27%. RE/MAX Holdings Inc shares have fallen nearly -28.88% since the year began. Nevertheless, the stocks have fallen -50.60% over the past one year. While a 52-week high of $19.74 was reached on 01/02/24, a 52-week low of $6.94 was recorded on 04/24/24. SMA at 50 days reached $8.63, while 200 days put it at $9.32. A total of 0.75 million shares were traded, compared to the trading of 0.23 million shares in the previous session.
Levels Of Support And Resistance For RMAX Stock
The 24-hour chart illustrates a support level at 8.95, which if violated will result in even more drops to 8.42. On the upside, there is a resistance level at 10.09. A further resistance level may holdings at 10.69. The Relative Strength Index (RSI) on the 14-day chart is 57.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.53%. Stochastics%K at 27.79% indicates the stock is a holding.
