Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Radian Group, Inc shares valued at $509,573 were purchased by Brummer Derek on Dec 05 ’24. At $34.65 per share, Brummer Derek acquired 14,705 shares.
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Also, Thornberry Richard G sold 20,000 shares, netting a total of over 699,156 in proceeds. Following the sale of shares at $34.96 each, the insider now holds 909,452 shares.
Before that, Thornberry Richard G had added 20,000 shares to its account. In a trade valued at $699,156, the Officer bought Radian Group, Inc shares for $34.96 each.
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 drop of approximately -2.76%. Over the course of the year, Radian Group, Inc shares have jumped approximately 21.05%. 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 $34.46, while a 200-day SMA reached $32.87. Nevertheless, trading volume fell to 0.64 million shares from 0.23 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 34.44, which, if violated, would cause prices to drop to 34.32. In the upper region, resistance lies at 34.78. The next price resistance is at 35.00. RSI (Relative Strength Index) is 48.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.16, which suggests the price will decrease in the coming days. Percent R is at 57.09%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
