RE/MAX Holdings Inc’s recent filing unveils that its 10% Owner Peterson Adam K acquired Company’s shares for reported $0.3 million on Nov 18 ’24. In the deal valued at $10.96 per share,27,366 shares were bought. As a result of this transaction, Peterson Adam K now holds 3,178,040 shares worth roughly $42.05 million.
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Then, Peterson Adam K bought 26,000 shares, generating $208,780 in total proceeds. Upon buying the shares at $8.03, the 10% Owner now owns 3,150,152 shares.
Before that, Peterson Adam K bought 522 shares. RE/MAX Holdings Inc shares valued at $4,134 were divested by the 10% Owner at a price of $7.92 per share. As a result of the transaction, Peterson Adam K now holds 3,150,674 shares, worth roughly $41.68 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 jump 13.95% to $13.23. Over the last five days, the stock has gained 19.08%. RE/MAX Holdings Inc shares have fallen nearly -0.75% since the year began. Nevertheless, the stocks have risen 44.75% 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 $12.10, while 200 days put it at $9.64.
Levels Of Support And Resistance For RMAX Stock
The 24-hour chart illustrates a support level at 12.10, which if violated will result in even more drops to 10.97. On the upside, there is a resistance level at 13.87. A further resistance level may holdings at 14.51. The Relative Strength Index (RSI) on the 14-day chart is 63.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 6.10%. Stochastics %K at 52.23% 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 2024-10-31, growing by 0.15 million shares to a total of 0.69 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 0.54 million shares. There was a rise of 21.71%, which implies that there is a positive sentiment for the stock.
