Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Rush Street Interactive Inc shares valued at $1,362,900 were sold by ROOSILEHT EINAR on Aug 27 ’24. At $9.09 per share, ROOSILEHT EINAR sold 150,000 shares. The insider’s holdings dropped to 809,260 shares worth approximately $8.76 million following the completion of this transaction.
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Also, ROOSILEHT EINAR purchased 150,000 shares, netting a total of over 1,362,905 in proceeds.
Before that, WIERBICKI PAUL had sold 20,437 shares from its account. In a trade valued at $194,750, the Chief Legal Officer traded Rush Street Interactive Inc shares for $9.53 each. Upon closing the transaction, the insider’s holdings decreased to 20,437 shares, worth approximately $1.89 million.
As published in a research note from Needham on May 17, 2024, Rush Street Interactive Inc [RSI] has been retained to a Buy and the price target has been revised to $10. Analysts at Craig Hallum upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid April. As of March 08, 2024, JMP Securities has decreased its “Mkt outperform” rating to a “Mkt perform” for RSI. Earlier on March 04, 2024, Susquehanna downgraded its rating. Their new recommendation was “a Neutral” for RSI stock which previously was a “a Positive”.
Analyzing RSI Stock Performance
During the last five days, there has been a surge of approximately 2.27%. Over the course of the year, Rush Street Interactive Inc shares have jumped approximately 140.98%. Shares of the company reached a 52-week high of $11.59 on 08/01/24 and a 52-week low of $3.56 on 01/16/24. A 50-day SMA is recorded $10.25, while a 200-day SMA reached $8.28. Nevertheless, trading volume fell to 5.26 million shares from 3.72 million shares the previous day.
Support And Resistance Levels for Rush Street Interactive Inc (RSI)
According to the 24-hour chart, there is a support level at 10.10, which, if violated, would cause prices to drop to 9.38. In the upper region, resistance lies at 11.52. The next price resistance is at 12.22. RSI (Relative Strength Index) is 53.90 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.09, which suggests the price will decrease in the coming days. Percent R is at 47.47%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
