As this happened, UBS initiated its Rithm Capital Corporation [RITM] rating to a Buy in a research note published on December 06, 2023; the price target was $12.50. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who began to cover the stock in mid December with a ‘”a Buy”‘ rating. Piper Sandler also remained covering RITM and has increased its forecast on September 30, 2022 with a “Neutral” recommendation from previously “an Underweight” rating.
Price Performance Review of RITM
On Tuesday, Rithm Capital Corporation [NYSE:RITM] saw its stock fall -0.36% to $11.16. Over the last five days, the stock has gained 0.09%. Rithm Capital Corporation shares have risen nearly 4.49% since the year began. Nevertheless, the stocks have risen 5.68% over the past one year. While a 52-week high of $12.02 was reached on 09/19/24, a 52-week low of $9.97 was recorded on 02/07/24. SMA at 50 days reached $10.82, while 200 days put it at $11.08.
Levels Of Support And Resistance For RITM Stock
The 24-hour chart illustrates a support level at 11.11, which if violated will result in even more drops to 11.05. On the upside, there is a resistance level at 11.24. A further resistance level may holdings at 11.31. The Relative Strength Index (RSI) on the 14-day chart is 62.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 20.53%. Stochastics %K at 85.03% indicates the stock is a selling.
How much short interest is there in Rithm Capital Corporation?
A steep rise in short interest was recorded in Rithm Capital Corporation stocks on 2024-11-15, growing by 1.14 million shares to a total of 6.15 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 5.01 million shares. There was a rise of 18.53%, which implies that there is a positive sentiment for the stock.
