The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Radian Group, Inc. shares valued at $267,375 were sold by Quigley Robert on Aug 27 ’24. At $35.65 per share, Quigley Robert sold 7,500 shares. The insider’s holdings dropped to 48,392 shares worth approximately $1.73 million following the completion of this transaction.
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Also, Ray Eric sold 53,791 shares, netting a total of over 1,918,929 in proceeds. Following the sale of shares at $35.67 each, the insider now holds 0 shares.
Before that, Dickerson Mary had added 19,511 shares to its account. In a trade valued at $701,066, the Officer bought Radian Group, Inc. shares for $35.93 each.
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 surge of approximately 2.05%. Over the course of the year, Radian Group, Inc. shares have jumped approximately 25.39%. 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 $33.79, while a 200-day SMA reached $30.46. Nevertheless, trading volume fell to 0.64 million shares from 0.62 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 35.58, which, if violated, would cause prices to drop to 35.37. In the upper region, resistance lies at 36.03. The next price resistance is at 36.27. RSI (Relative Strength Index) is 60.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.95, which suggests the price will decrease in the coming days. Percent R is at 18.90%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
