RE/MAX Holdings Inc’s recent filing unveils that its 10% Owner Peterson Adam K acquired Company’s shares for reported $0.21 million on Jul 01 ’24. In the deal valued at $8.03 per share,26,000 shares were bought. As a result of this transaction, Peterson Adam K now holds 3,150,152 shares worth roughly $35.75 million.
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Then, Peterson Adam K bought 522 shares, generating $4,134 in total proceeds. Upon buying the shares at $7.92, the 10% Owner now owns 3,150,674 shares.
Before that, Peterson Adam K bought 23,500 shares. RE/MAX Holdings Inc shares valued at $194,345 were divested by the 10% Owner at a price of $8.27 per share. As a result of the transaction, Peterson Adam K now holds 3,124,152 shares, worth roughly $35.46 million.
JP Morgan downgraded its RE/MAX Holdings Inc [RMAX] rating to an Underweight from a a Neutral in a research note published on December 18, 2023; the price target was decreased to $14 from $16. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in early November from “an Equal-weight” to “an Underweight”. BTIG Research began covering RMAX with “Neutral” recommendation on July 18, 2023. Stephens revised its rating on February 21, 2023. It rated RMAX as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of RMAX
On Friday, RE/MAX Holdings Inc [NYSE:RMAX] saw its stock fall -7.27% to $11.35. Over the last five days, the stock has lost -4.22%. RE/MAX Holdings Inc shares have fallen nearly -14.85% since the year began. Nevertheless, the stocks have risen 0.09% over the past one year. While a 52-week high of $13.70 was reached on 09/16/24, a 52-week low of $6.94 was recorded on 04/24/24. SMA at 50 days reached $11.93, while 200 days put it at $9.55.
Levels Of Support And Resistance For RMAX Stock
The 24-hour chart illustrates a support level at 10.56, which if violated will result in even more drops to 9.77. On the upside, there is a resistance level at 11.93. A further resistance level may holdings at 12.52. The Relative Strength Index (RSI) on the 14-day chart is 41.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.33%. Stochastics %K at 59.33% indicates the stock is a holding.
How much short interest is there in RE/MAX Holdings Inc?
A steep rise in short interest was recorded in RE/MAX Holdings Inc stocks on 2024-10-15, dropping by 20531.0 shares to a total of 0.62 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 0.64 million shares. There was a decline of -3.33%, which implies that there is a negative sentiment for the stock.
