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. RE/MAX Holdings Inc shares valued at $299,931 were purchased by Peterson Adam K on Nov 18 ’24. At $10.96 per share, Peterson Adam K acquired 27,366 shares. The insider’s holdings grew to 3,178,040 shares worth approximately $42.2 million following the completion of this transaction.
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Also, Peterson Adam K purchased 26,000 shares, netting a total of over 208,780 in proceeds. Following the buying of shares at $8.03 each, the insider now holds 3,150,152 shares.
Before that, Peterson Adam K had added 522 shares to its account. In a trade valued at $4,134, the 10% Owner bought RE/MAX Holdings Inc shares for $7.92 each. Upon closing the transaction, the insider’s holdings increased to 522 shares, worth approximately $41.84 million.
As published in a research note from JP Morgan on December 18, 2023, RE/MAX Holdings Inc [RMAX] has been rated down from a Neutral to an Underweight and the price target has been revised to $14 from $16. Analysts at Morgan Stanley downgraded the stock from ‘”an Equal-weight”‘ to ‘”an Underweight”‘ outlook in a report released in early November. As of July 18, 2023, BTIG Research has initiated its “Neutral” rating for RMAX. Earlier on February 21, 2023, Stephens downgraded its rating. Their new recommendation was “an Equal-weight” for RMAX stock which previously was a “an Overweight”.
Analyzing RMAX Stock Performance
During the last five days, there has been a surge of approximately 17.63%. Over the course of the year, RE/MAX Holdings Inc shares have dropped approximately -0.38%. Shares of the company reached a 52-week high of $14.31 on 11/25/24 and a 52-week low of $6.94 on 04/24/24. A 50-day SMA is recorded $12.14, while a 200-day SMA reached $9.70. Nevertheless, trading volume fell to 0.11 million shares from 0.47 million shares the previous day.
Support And Resistance Levels for RE/MAX Holdings Inc (RMAX)
According to the 24-hour chart, there is a support level at 13.12, which, if violated, would cause prices to drop to 12.95. In the upper region, resistance lies at 13.60. The next price resistance is at 13.91. RSI (Relative Strength Index) is 59.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.50, which suggests the price will increase in the coming days. Percent R is at 29.73%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
