Rithm Capital Corporation’s recently made public that its 10% Owner Rithm Capital Corp. acquired Company’s shares for reported $376.74 million on Nov 17 ’23. In the deal valued at $12.70 per share,29,664,827 shares were bought. As a result of this transaction, Rithm Capital Corp. now holds 1,000 shares worth roughly $10850.0.
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UBS initiated its Rithm Capital Corporation [RITM] rating to a Buy in a research note published on December 06, 2023; the price target was $12.50. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who began to cover the stock in mid December with a ‘”a Buy”‘ rating. Piper Sandler also remained covering RITM and has increased its forecast on September 30, 2022 with a “Neutral” recommendation from previously “an Underweight” rating.
Price Performance Review of RITM
On Tuesday, Rithm Capital Corporation [NYSE:RITM] saw its stock jump 0.74% to $10.85. Over the last five days, the stock has gained 1.78%. Rithm Capital Corporation shares have risen nearly 1.59% since the year began. Nevertheless, the stocks have risen 18.06% over the past one year. While a 52-week high of $12.02 was reached on 09/19/24, a 52-week low of $8.87 was recorded on 02/07/24. SMA at 50 days reached $11.34, while 200 days put it at $11.05.
Levels Of Support And Resistance For RITM Stock
The 24-hour chart illustrates a support level at 10.78, which if violated will result in even more drops to 10.70. On the upside, there is a resistance level at 10.93. A further resistance level may holdings at 11.00. The Relative Strength Index (RSI) on the 14-day chart is 40.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.82%. Stochastics %K at 22.10% indicates the stock is a holding.
How much short interest is there in Rithm Capital Corporation?
A steep rise in short interest was recorded in Rithm Capital Corporation stocks on 2024-09-30, dropping by -0.14 million shares to a total of 5.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 5.68 million shares. There was a decline of -2.57%, which implies that there is a negative sentiment for the stock.
