Redwood Trust Inc.’s recent filing unveils that its Chief Financial Officer Carillo Brooke acquired Company’s shares for reported $93720.0 on May 30 ’24. In the deal valued at $6.25 per share,15,000 shares were bought. As a result of this transaction, Carillo Brooke now holds 56,772 shares worth roughly $0.43 million.
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Wedbush downgraded its Redwood Trust Inc. [RWT] rating to a Neutral from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in early December with a ‘”a Buy”‘ rating. BTIG Research also remained covering RWT and has increased its forecast on December 05, 2023 with a “Buy” recommendation from previously “Neutral” rating. Piper Sandler revised its rating on June 15, 2023. It rated RWT as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of RWT
On Monday, Redwood Trust Inc. [NYSE:RWT] saw its stock fall -2.47% to $7.49. Over the last five days, the stock has lost -0.93%. Redwood Trust Inc. shares have risen nearly 1.08% since the year began. Nevertheless, the stocks have risen 10.80% over the past one year. While a 52-week high of $8.15 was reached on 09/19/24, a 52-week low of $5.45 was recorded on 04/16/24. SMA at 50 days reached $7.52, while 200 days put it at $6.74.
Levels Of Support And Resistance For RWT Stock
The 24-hour chart illustrates a support level at 7.43, which if violated will result in even more drops to 7.36. On the upside, there is a resistance level at 7.61. A further resistance level may holdings at 7.73. The Relative Strength Index (RSI) on the 14-day chart is 46.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.67%. Stochastics %K at 56.78% indicates the stock is a holding.
How much short interest is there in Redwood Trust Inc.?
A steep rise in short interest was recorded in Redwood Trust Inc. stocks on 2024-09-30, dropping by -0.1 million shares to a total of 5.24 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 5.34 million shares. There was a decline of -1.92%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 05, 2022 when Wedbush began covering the stock and recommended ‘”an Outperform”‘ rating along with a $9 price target.
