Ready Capital Corp’s recently made public that its Director NATHAN GILBERT E acquired Company’s shares for reported $82860.0 on May 24 ’24. In the deal valued at $8.29 per share,10,000 shares were bought. As a result of this transaction, NATHAN GILBERT E now holds 95,249 shares worth roughly $0.7 million.
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Then, NATHAN GILBERT E bought 7,000 shares, generating $63,832 in total proceeds. Upon buying the shares at $9.12, the Director now owns 7,000 shares.
Before that, NATHAN GILBERT E bought 2,150 shares. Ready Capital Corp shares valued at $19,629 were divested by the Director at a price of $9.13 per share. As a result of the transaction, NATHAN GILBERT E now holds 85,249 shares, worth roughly $0.62 million.
A number of analysts have revised their coverage, including Ladenburg Thalmann’s analysts, who decreased its forecast for the stock in early May from “a Buy” to “a Neutral”. Keefe Bruyette also remained covering RC and has decreased its forecast on March 04, 2024 with a “an Underperform” recommendation from previously “Mkt perform” rating. Raymond James revised its rating on December 18, 2023. It rated RC as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of RC
On Friday, Ready Capital Corp [NYSE:RC] saw its stock fall -0.95% to $7.31. Over the last five days, the stock has lost -6.64%. Ready Capital Corp shares have fallen nearly -28.68% since the year began. Nevertheless, the stocks have fallen -24.33% over the past one year. While a 52-week high of $11.67 was reached on 01/12/24, a 52-week low of $7.31 was recorded on 10/04/24. SMA at 50 days reached $8.25, while 200 days put it at $8.80.
Levels Of Support And Resistance For RC Stock
The 24-hour chart illustrates a support level at 7.21, which if violated will result in even more drops to 7.10. On the upside, there is a resistance level at 7.44. A further resistance level may holdings at 7.56. The Relative Strength Index (RSI) on the 14-day chart is 31.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.22%. Stochastics %K at 4.70% indicates the stock is a buying.
How much short interest is there in Ready Capital Corp?
A steep rise in short interest was recorded in Ready Capital Corp stocks on 2024-09-13, growing by 4.49 million shares to a total of 17.69 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 13.2 million shares. There was a rise of 25.37%, which implies that there is a positive sentiment for the stock.
