Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Repay Holdings Corporation shares valued at $413,552 were sold by Moore Jacob Hamilton on Sep 13 ’24. At $8.00 per share, Moore Jacob Hamilton sold 51,694 shares. The insider’s holdings dropped to 140,130 shares worth approximately $1.12 million following the completion of this transaction.
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Also, Moore Jacob Hamilton purchased 51,694 shares, netting a total of over 413,552 in proceeds.
Before that, Moore Jacob Hamilton had sold 7,198 shares from its account. In a trade valued at $58,880, the Executive Vice President traded Repay Holdings Corporation shares for $8.18 each. Upon closing the transaction, the insider’s holdings decreased to 7,198 shares, worth approximately $1.12 million.
As published in their initiating research note from The Benchmark Company on February 13, 2024, Repay Holdings Corporation [RPAY] has been a Buy and the price target has been revised to $10. Analysts at BMO Capital Markets started covering the stock with ‘”a Market perform”‘ outlook in a report released in early December. As of October 20, 2023, UBS has initiated its “Neutral” rating for RPAY. Earlier on September 12, 2023, Berenberg initiated its rating. Their recommendation was “a Hold” for RPAY stock.
Analyzing RPAY Stock Performance
During the last five days, there has been a surge of approximately 2.70%. Over the course of the year, Repay Holdings Corporation shares have dropped approximately -6.32%. Shares of the company reached a 52-week high of $11.27 on 06/11/24 and a 52-week low of $7.04 on 01/19/24. A 50-day SMA is recorded $8.07, while a 200-day SMA reached $9.20. Nevertheless, trading volume fell to 0.57 million shares from 0.43 million shares the previous day.
Support And Resistance Levels for Repay Holdings Corporation (RPAY)
According to the 24-hour chart, there is a support level at 7.68, which, if violated, would cause prices to drop to 7.35. In the upper region, resistance lies at 8.18. The next price resistance is at 8.36. RSI (Relative Strength Index) is 53.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.01, which suggests the price will decrease in the coming days. Percent R is at 11.32%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
