In a filing, Renasant Corp revealed its Director CREEKMORE JOHN unloaded Company’s shares for reported $0.11 million on Nov 06 ’24. In the deal valued at $38.00 per share,3,000 shares were sold. As a result of this transaction, CREEKMORE JOHN now holds 24,057 shares worth roughly $0.92 million.
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Hovde Group downgraded its Renasant Corp [RNST] rating to a Market perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who increased its forecast for the stock in early August from “a Neutral” to “an Overweight”. Hovde Group also remained covering RNST and has increased its forecast on August 05, 2024 with a “an Outperform” recommendation from previously “Market perform” rating. Stephens revised its rating on July 31, 2024. It rated RNST as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of RNST
On Tuesday, Renasant Corp [NYSE:RNST] saw its stock fall -1.17% to $38.17. Over the last five days, the stock has gained 4.40%. Renasant Corp shares have risen nearly 13.33% since the year began. Nevertheless, the stocks have risen 39.97% over the past one year. While a 52-week high of $39.47 was reached on 11/25/24, a 52-week low of $26.28 was recorded on 06/11/24. SMA at 50 days reached $34.29, while 200 days put it at $32.00.
Levels Of Support And Resistance For RNST Stock
The 24-hour chart illustrates a support level at 37.82, which if violated will result in even more drops to 37.47. On the upside, there is a resistance level at 38.48. A further resistance level may holdings at 38.79. The Relative Strength Index (RSI) on the 14-day chart is 63.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.95, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.47%. Stochastics %K at 74.74% indicates the stock is a holding.
How much short interest is there in Renasant Corp?
A steep rise in short interest was recorded in Renasant Corp stocks on 2024-11-15, dropping by -0.25 million shares to a total of 3.29 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 3.54 million shares. There was a decline of -7.48%, which implies that there is a negative sentiment for the stock.