Radian Group, Inc.’s recent filing unveils that its President, Mortgage Insurance Brummer Derek unloaded Company’s shares for reported $1.24 million on Sep 05 ’24. In the deal valued at $35.36 per share,35,153 shares were sold. As a result of this transaction, Brummer Derek now holds 186,535 shares worth roughly $6.59 million.
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Then, Brummer Derek bought 35,153 shares, generating $1,242,985 in total proceeds.
Before that, Dickerson Mary sold 19,511 shares. Radian Group, Inc. shares valued at $701,065 were divested by the Sr. EVP, CPO & COO at a price of $35.93 per share. As a result of the transaction, Dickerson Mary now holds 0 shares, worth roughly $0.0.
Keefe Bruyette upgraded its Radian Group, Inc. [RDN] rating to an Outperform from a a Mkt perform in a research note published on June 03, 2024; the price target was increased to $36 from $35. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who decreased its forecast for the stock in early April from “an Outperform” to “a Mkt perform”. Keefe Bruyette also remained covering RDN and has increased its forecast on December 13, 2023 with a “an Outperform” recommendation from previously “Mkt perform” rating. UBS started covering the stock on December 06, 2023. It rated RDN as “a Neutral”.
Price Performance Review of RDN
On Friday, Radian Group, Inc. [NYSE:RDN] saw its stock fall -1.45% to $35.32. Over the last five days, the stock has gained 2.14%. Radian Group, Inc. shares have risen nearly 23.71% since the year began. Nevertheless, the stocks have risen 36.27% over the past one year. While a 52-week high of $37.86 was reached on 07/31/24, a 52-week low of $24.62 was recorded on 02/08/24. SMA at 50 days reached $34.91, while 200 days put it at $31.92.
Levels Of Support And Resistance For RDN Stock
The 24-hour chart illustrates a support level at 35.05, which if violated will result in even more drops to 34.79. On the upside, there is a resistance level at 35.74. A further resistance level may holdings at 36.17. The Relative Strength Index (RSI) on the 14-day chart is 55.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.86, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 28.57%. Stochastics %K at 89.12% indicates the stock is a selling.
How much short interest is there in Radian Group, Inc.?
A steep rise in short interest was recorded in Radian Group, Inc. stocks on 2024-09-30, growing by 1.04 million shares to a total of 6.08 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 5.04 million shares. There was a rise of 17.15%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on November 15, 2023 when Barclays began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $28 price target.
