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Taking a Closer Look At GoodRx Holdings Inc (GDRX) Following Its Recent Trade

GoodRx Holdings Inc’s filing revealed that its 10% Owner Spectrum Equity VII, L.P. unloaded Company’s shares for reported $83922.0 on Sep 03 ’24. In the deal valued at $7.86 per share,10,677 shares were sold. As a result of this transaction, Spectrum Equity VII, L.P. now holds 0 shares worth roughly $0.0.

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Then, Spectrum VII Investment Manage bought 6,828 shares, generating $53,668 in total proceeds.

Before that, Spectrum VII Co-Investment Fun bought 3,849 shares. GoodRx Holdings Inc shares valued at $30,253 were divested by the Affiliate at a price of $7.86 per share.

Raymond James upgraded its GoodRx Holdings Inc [GDRX] rating to a Strong buy from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who increased its forecast for the stock in late May from “a Sector perform” to “an Outperform”. Raymond James also remained covering GDRX and has increased its forecast on May 16, 2024 with a “an Outperform” recommendation from previously “Mkt perform” rating. KeyBanc Capital Markets revised its rating on April 10, 2024. It rated GDRX as “an Overweight” which previously was an “a Sector weight”.

Price Performance Review of GDRX

On Tuesday, GoodRx Holdings Inc [NASDAQ:GDRX] saw its stock jump 0.45% to $6.76. Over the last five days, the stock has lost -10.94%. GoodRx Holdings Inc shares have risen nearly 0.90% since the year began. Nevertheless, the stocks have risen 21.15% over the past one year. While a 52-week high of $9.26 was reached on 07/25/24, a 52-week low of $4.14 was recorded on 01/04/24. SMA at 50 days reached $7.91, while 200 days put it at $7.23.

Levels Of Support And Resistance For GDRX Stock

The 24-hour chart illustrates a support level at 6.68, which if violated will result in even more drops to 6.59. On the upside, there is a resistance level at 6.84. A further resistance level may holdings at 6.91. The Relative Strength Index (RSI) on the 14-day chart is 32.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.65, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.92%. Stochastics %K at 3.27% indicates the stock is a buying.

How much short interest is there in GoodRx Holdings Inc?

A steep rise in short interest was recorded in GoodRx Holdings Inc stocks on 2024-08-30, growing by 1.17 million shares to a total of 9.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 7.86 million shares. There was a rise of 12.96%, which implies that there is a positive sentiment for the stock.

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