Runway Growth Finance Corp’s recent filing unveils that its President and CEO SPRENG R DAVID acquired Company’s shares for reported $50850.0 on Aug 14 ’24. In the deal valued at $10.17 per share,5,000 shares were bought. As a result of this transaction, SPRENG R DAVID now holds 69,532 shares worth roughly $0.74 million.
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Then, Raterman Thomas B. bought 5,000 shares, generating $50,400 in total proceeds. Upon buying the shares at $10.08, the insider now owns 27,441 shares.
Before that, OCM Growth Holdings LLC sold 400,000 shares. Runway Growth Finance Corp shares valued at $4,760,000 were divested by the Director at a price of $11.90 per share. As a result of the transaction, OCM Growth Holdings LLC now holds 10,779,668 shares, worth roughly $114.16 million.
Compass Point upgraded its Runway Growth Finance Corp [RWAY] rating to a Buy from a a Neutral in a research note published on August 15, 2024; the price target was decreased to $11.25 from $12.75. A number of analysts have revised their coverage, including BofA Securities’s analysts, who began to cover the stock in late June with a ‘”a Neutral”‘ rating. Compass Point also remained covering RWAY and has decreased its forecast on May 08, 2024 with a “Neutral” recommendation from previously “Buy” rating. Oppenheimer revised its rating on March 08, 2024. It rated RWAY as “a Perform” which previously was an “an Outperform”.
Price Performance Review of RWAY
On Friday, Runway Growth Finance Corp [NASDAQ:RWAY] saw its stock jump 0.38% to $10.59. Over the last five days, the stock has lost -1.12%. Runway Growth Finance Corp shares have fallen nearly -14.35% since the year began. Nevertheless, the stocks have fallen -16.54% over the past one year. While a 52-week high of $13.53 was reached on 02/23/24, a 52-week low of $9.87 was recorded on 08/12/24. SMA at 50 days reached $11.33, while 200 days put it at $12.26.
Levels Of Support And Resistance For RWAY Stock
The 24-hour chart illustrates a support level at 10.53, which if violated will result in even more drops to 10.47. On the upside, there is a resistance level at 10.64. A further resistance level may holdings at 10.69. The Relative Strength Index (RSI) on the 14-day chart is 41.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 34.44%. Stochastics %K at 57.23% indicates the stock is a holding.
How much short interest is there in Runway Growth Finance Corp?
A steep rise in short interest was recorded in Runway Growth Finance Corp stocks on 2024-08-15, growing by 0.22 million shares to a total of 1.13 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 0.91 million shares. There was a rise of 19.72%, which implies that there is a positive sentiment for the stock.
