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Taking a Closer Look At Rush Street Interactive Inc (RSI) Following Its Recent Trade

In a filing, Rush Street Interactive Inc revealed its Chief Legal Officer WIERBICKI PAUL unloaded Company’s shares for reported $0.1 million on Nov 25 ’24. In the deal valued at $14.00 per share,7,500 shares were sold. As a result of this transaction, WIERBICKI PAUL now holds 139,482 shares worth roughly $2.01 million.

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Then, WIERBICKI PAUL bought 7,500 shares, generating $104,540 in total proceeds.

Before that, STETZ MATTIAS sold 5,000 shares. Rush Street Interactive Inc shares valued at $60,000 were divested by the Chief Operating Officer at a price of $12.00 per share. As a result of the transaction, STETZ MATTIAS now holds 575,484 shares, worth roughly $8.3 million.

Needham reiterated its Rush Street Interactive Inc [RSI] rating to a Buy in a research note published on May 17, 2024; the price target was $10. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who increased its forecast for the stock in mid April from “a Hold” to “a Buy”. JMP Securities also remained covering RSI and has decreased its forecast on March 08, 2024 with a “Mkt perform” recommendation from previously “Mkt outperform” rating. Susquehanna revised its rating on March 04, 2024. It rated RSI as “a Neutral” which previously was an “a Positive”.

Price Performance Review of RSI

On Friday, Rush Street Interactive Inc [NYSE:RSI] saw its stock jump 1.48% to $14.42. Over the last five days, the stock has gained 6.97%. Rush Street Interactive Inc shares have risen nearly 221.16% since the year began. Nevertheless, the stocks have risen 239.29% over the past one year. While a 52-week high of $14.60 was reached on 11/27/24, a 52-week low of $3.56 was recorded on 01/16/24. SMA at 50 days reached $11.28, while 200 days put it at $8.94.

Levels Of Support And Resistance For RSI Stock

The 24-hour chart illustrates a support level at 14.21, which if violated will result in even more drops to 14.00. On the upside, there is a resistance level at 14.57. A further resistance level may holdings at 14.72. The Relative Strength Index (RSI) on the 14-day chart is 73.99, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.75, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.60%. Stochastics %K at 92.11% indicates the stock is a selling.

How much short interest is there in Rush Street Interactive Inc?

A steep rise in short interest was recorded in Rush Street Interactive Inc stocks on 2024-11-15, growing by 0.69 million shares to a total of 5.14 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 4.44 million shares. There was a rise of 13.51%, which implies that there is a positive sentiment for the stock.

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