Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Radian Group, Inc shares valued at $699,156 were sold by Thornberry Richard G on Nov 26 ’24. At $34.96 per share, Thornberry Richard G sold 20,000 shares. The insider’s holdings dropped to 909,452 shares worth approximately $32.32 million following the completion of this transaction.
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Also, Thornberry Richard G purchased 20,000 shares, netting a total of over 699,156 in proceeds.
Before that, Brummer Derek had sold 35,153 shares from its account. In a trade valued at $1,242,985, the President, Mortgage Insurance traded Radian Group, Inc shares for $35.36 each. Upon closing the transaction, the insider’s holdings decreased to 35,153 shares, worth approximately $6.63 million.
As published in a research note from Keefe Bruyette on June 03, 2024, Radian Group, Inc [RDN] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $36 from $35. Analysts at Keefe Bruyette downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in early April. As of December 13, 2023, Keefe Bruyette has increased its “Mkt perform” rating to a “an Outperform” for RDN. Earlier on December 06, 2023, UBS initiated its rating. Their recommendation was “a Neutral” for RDN stock.
Analyzing RDN Stock Performance
During the last five days, there has been a surge of approximately 5.81%. Over the course of the year, Radian Group, Inc shares have jumped approximately 24.48%. Shares of the company reached a 52-week high of $37.86 on 07/31/24 and a 52-week low of $26.11 on 02/08/24. A 50-day SMA is recorded $34.44, while a 200-day SMA reached $32.68. Nevertheless, trading volume fell to 0.88 million shares from 1.14 million shares the previous day.
Support And Resistance Levels for Radian Group, Inc (RDN)
According to the 24-hour chart, there is a support level at 35.31, which, if violated, would cause prices to drop to 35.09. In the upper region, resistance lies at 35.73. The next price resistance is at 35.93. RSI (Relative Strength Index) is 58.44 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.93, which suggests the price will decrease in the coming days. Percent R is at 11.60%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
