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. Therealreal Inc shares valued at $589,894 were sold by Lo Steve Ming on Dec 02 ’24. At $6.10 per share, Lo Steve Ming sold 96,666 shares. The insider’s holdings dropped to 391,525 shares worth approximately $2.41 million following the completion of this transaction.
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Also, Lo Steve Ming sold 37,931 shares, netting a total of over 223,762 in proceeds. Following the sale of shares at $5.90 each, the insider now holds 353,594 shares.
Before that, Lo Steve Ming had added 37,931 shares to its account. In a trade valued at $223,781, the Officer bought Therealreal Inc shares for $5.90 each.
As published in their initiating research note from Northland Capital on September 16, 2024, Therealreal Inc [REAL] has been an Outperform and the price target has been revised to $6. Analysts at Robert W. Baird downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in early January. As of June 29, 2023, BofA Securities has increased its “an Underperform” rating to a “Buy” for REAL. Earlier on January 06, 2023, Wells Fargo downgraded its rating. Their new recommendation was “an Equal weight” for REAL stock which previously was a “an Overweight”.
Analyzing REAL Stock Performance
During the last five days, there has been a surge of approximately 16.26%. Over the course of the year, Therealreal Inc shares have jumped approximately 205.97%. Shares of the company reached a 52-week high of $6.16 on 12/04/24 and a 52-week low of $1.52 on 02/26/24. A 50-day SMA is recorded $3.74, while a 200-day SMA reached $3.40. Nevertheless, trading volume fell to 2.47 million shares from 3.52 million shares the previous day.
Support And Resistance Levels for Therealreal Inc (REAL)
According to the 24-hour chart, there is a support level at 5.85, which, if violated, would cause prices to drop to 5.54. In the upper region, resistance lies at 6.31. The next price resistance is at 6.46. RSI (Relative Strength Index) is 85.89 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.01, which suggests the price will increase in the coming days. Percent R is at 0.43%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
