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. Ready Capital Corp shares valued at $82,860 were purchased by NATHAN GILBERT E on May 24 ’24. At $8.29 per share, NATHAN GILBERT E acquired 10,000 shares. The insider’s holdings grew to 95,249 shares worth approximately $0.77 million following the completion of this transaction.
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Also, NATHAN GILBERT E purchased 7,000 shares, netting a total of over 63,832 in proceeds. Following the buying of shares at $9.12 each, the insider now holds 7,000 shares.
Before that, NATHAN GILBERT E had added 2,150 shares to its account. In a trade valued at $19,629, the Director bought Ready Capital Corp shares for $9.13 each. Upon closing the transaction, the insider’s holdings increased to 2,150 shares, worth approximately $0.69 million.
Analysts at Ladenburg Thalmann downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early May. As of March 04, 2024, Keefe Bruyette has decreased its “Mkt perform” rating to a “an Underperform” for RC. Earlier on December 18, 2023, Raymond James downgraded its rating. Their new recommendation was “a Mkt perform” for RC stock which previously was a “an Outperform”.
Analyzing RC Stock Performance
During the last five days, there has been a surge of approximately 3.34%. Over the course of the year, Ready Capital Corp shares have dropped approximately -21.46%. Shares of the company reached a 52-week high of $10.36 on 01/12/24 and a 52-week low of $7.52 on 09/16/24. A 50-day SMA is recorded $8.59, while a 200-day SMA reached $8.98. Nevertheless, trading volume fell to 2.35 million shares from 2.66 million shares the previous day.
Support And Resistance Levels for Ready Capital Corp (RC)
According to the 24-hour chart, there is a support level at 7.93, which, if violated, would cause prices to drop to 7.82. In the upper region, resistance lies at 8.19. The next price resistance is at 8.33. RSI (Relative Strength Index) is 45.86 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.03, which suggests the price will decrease in the coming days. Percent R is at 33.25%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
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