Rithm Capital Corporation’s recently made public that its 10% Owner Rithm Capital Corp. acquired Company’s shares for reported $376.74 million on Nov 17 ’23. In the deal valued at $12.70 per share,29,664,827 shares were bought. As a result of this transaction, Rithm Capital Corp. now holds 1,000 shares worth roughly $10520.0.
UBS initiated its Rithm Capital Corporation [RITM] rating to a Buy in a research note published on December 06, 2023; the price target was $12.50. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who began to cover the stock in mid December with a ‘”a Buy”‘ rating. Piper Sandler also remained covering RITM and has increased its forecast on September 30, 2022 with a “Neutral” recommendation from previously “an Underweight” rating.
Price Performance Review of RITM
On Tuesday, Rithm Capital Corporation [NYSE:RITM] saw its stock jump 1.06% to $10.52. Over the last five days, the stock has lost -1.68%. Rithm Capital Corporation shares have fallen nearly -1.50% since the year began. Nevertheless, the stocks have risen 6.37% over the past one year. While a 52-week high of $12.02 was reached on 09/19/24, a 52-week low of $9.68 was recorded on 02/07/24. SMA at 50 days reached $11.15, while 200 days put it at $11.05.
Levels Of Support And Resistance For RITM Stock
The 24-hour chart illustrates a support level at 10.44, which if violated will result in even more drops to 10.35. On the upside, there is a resistance level at 10.57. A further resistance level may holdings at 10.61. The Relative Strength Index (RSI) on the 14-day chart is 40.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.15%. Stochastics %K at 11.32% indicates the stock is a buying.
How much short interest is there in Rithm Capital Corporation?
A steep rise in short interest was recorded in Rithm Capital Corporation stocks on 2024-10-15, dropping by -0.49 million shares to a total of 5.01 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 5.5 million shares. There was a decline of -9.75%, which implies that there is a negative sentiment for the stock.
