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. Redfin Corp shares valued at $170,390 were sold by Frey Bridget on Aug 23 ’24. At $10.00 per share, Frey Bridget sold 17,039 shares. The insider’s holdings dropped to 442,914 shares worth approximately $3.86 million following the completion of this transaction.
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Also, BRIDGET FREY purchased 17,039 shares, netting a total of over 170,390 in proceeds.
Before that, Taubman Christian John had sold 3,632 shares from its account. In a trade valued at $33,596, the Chief Growth Officer traded Redfin Corp shares for $9.25 each. Upon closing the transaction, the insider’s holdings decreased to 3,632 shares, worth approximately $0.62 million.
As published in a research note from B. Riley Securities on September 03, 2024, Redfin Corp [RDFN] has been rated up from a Neutral to a Buy and the price target has been revised to $13 from $7.50. Analysts at Stephens upgraded the stock from ‘”an Equal-weight”‘ to ‘”an Overweight”‘ outlook in a report released in early May. As of February 29, 2024, Gordon Haskett has decreased its “Hold” rating to a “an Underperform” for RDFN. Earlier on December 08, 2023, B. Riley Securities initiated its rating. Their recommendation was “a Neutral” for RDFN stock.
Analyzing RDFN Stock Performance
During the last five days, there has been a drop of approximately -24.00%. Over the course of the year, Redfin Corp shares have dropped approximately -15.60%. Shares of the company reached a 52-week high of $15.29 on 09/18/24 and a 52-week low of $5.10 on 04/25/24. A 50-day SMA is recorded $11.14, while a 200-day SMA reached $8.03. Nevertheless, trading volume fell to 3.43 million shares from 6.49 million shares the previous day.
Support And Resistance Levels for Redfin Corp (RDFN)
According to the 24-hour chart, there is a support level at 8.56, which, if violated, would cause prices to drop to 8.42. In the upper region, resistance lies at 8.90. The next price resistance is at 9.09. RSI (Relative Strength Index) is 36.21 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.11, which suggests the price will decrease in the coming days. Percent R is at 96.79%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
