In a filing, RE/MAX Holdings Inc revealed its 10% Owner Peterson Adam K acquired Company’s shares for reported $0.21 million on Jul 01 ’24. In the deal valued at $8.03 per share,26,000 shares were bought. As a result of this transaction, Peterson Adam K now holds 3,150,152 shares worth roughly $37.42 million.
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Then, Peterson Adam K bought 522 shares, generating $4,134 in total proceeds. Upon buying the shares at $7.92, the 10% Owner now owns 3,150,674 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 $37.11 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 Tuesday, RE/MAX Holdings Inc [NYSE:RMAX] saw its stock fall -2.94% to $11.88. Over the last five days, the stock has gained 5.79%. RE/MAX Holdings Inc shares have fallen nearly -10.88% since the year began. Nevertheless, the stocks have fallen -27.07% over the past one year. While a 52-week high of $16.65 was reached on 01/02/24, a 52-week low of $6.94 was recorded on 04/24/24. SMA at 50 days reached $9.25, while 200 days put it at $9.32.
Levels Of Support And Resistance For RMAX Stock
The 24-hour chart illustrates a support level at 11.64, which if violated will result in even more drops to 11.40. On the upside, there is a resistance level at 12.11. A further resistance level may holdings at 12.34. The Relative Strength Index (RSI) on the 14-day chart is 69.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.33, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.51%. Stochastics%K at 91.84% indicates the stock is a selling.
How much short interest is there in RE/MAX Holdings Inc?
A steep rise in short interest was recorded in RE/MAX Holdings Inc stocks on 2024-07-31, dropping by -0.15 million shares to a total of 0.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 0.93 million shares. There was a decline of -19.0%, which implies that there is a negative sentiment for the stock.
