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Selling Buzz: Therealreal Inc [REAL] Director KATZ KAREN sells 33,000 shares of the company

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Therealreal Inc shares valued at $86,460 were sold by KATZ KAREN on Aug 28 ’24. At $2.62 per share, KATZ KAREN sold 33,000 shares. The insider’s holdings dropped to 201,301 shares worth approximately $0.58 million following the completion of this transaction.

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Also, KATZ KAREN purchased 33,000 shares, netting a total of over 88,440 in proceeds.

Before that, Lo Steve Ming had sold 20,610 shares from its account. In a trade valued at $53,759, the SVP, Chief Accounting Officer traded Therealreal Inc shares for $2.61 each. Upon closing the transaction, the insider’s holdings decreased to 20,610 shares, worth approximately $1.47 million.

As published in their initiating research note from Northland Capital on September 16, 2024, Therealreal Inc [REAL] has been an Outperform and the price target has been revised to $6. Analysts at Robert W. Baird downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in early January. As of June 29, 2023, BofA Securities has increased its “an Underperform” rating to a “Buy” for REAL. Earlier on January 06, 2023, Wells Fargo downgraded its rating. Their new recommendation was “an Equal weight” for REAL stock which previously was a “an Overweight”.

Analyzing REAL Stock Performance

During the last five days, there has been a drop of approximately -2.36%. Over the course of the year, Therealreal Inc shares have jumped approximately 44.28%. Shares of the company reached a 52-week high of $4.64 on 05/15/24 and a 52-week low of $1.52 on 02/26/24. A 50-day SMA is recorded $2.93, while a 200-day SMA reached $3.11. Nevertheless, trading volume fell to 2.55 million shares from 1.43 million shares the previous day.

Support And Resistance Levels for Therealreal Inc (REAL)

According to the 24-hour chart, there is a support level at 2.79, which, if violated, would cause prices to drop to 2.68. In the upper region, resistance lies at 3.03. The next price resistance is at 3.15. RSI (Relative Strength Index) is 42.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.07, which suggests the price will decrease in the coming days. Percent R is at 71.64%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

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