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Recent Insider Activity Suggests Potential Gains for Therealreal Inc (REAL)

CHWY Stock

Therealreal Inc’s filing revealed that its SVP, Chief Accounting Officer Lo Steve Ming unloaded Company’s shares for reported $0.59 million on Dec 02 ’24. In the deal valued at $6.10 per share,96,666 shares were sold. As a result of this transaction, Lo Steve Ming now holds 391,525 shares worth roughly $3.72 million.

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Then, Lo Steve Ming sold 37,931 shares, generating $223,762 in total proceeds. Upon selling the shares at $5.90, the SVP, Chief Accounting Officer now owns 353,594 shares.

Before that, Lo Steve Ming bought 37,931 shares. Therealreal Inc shares valued at $223,781 were divested by the Officer at a price of $5.90 per share.

Wells Fargo upgraded its Therealreal Inc [REAL] rating to an Overweight from a an Equal weight in a research note published on December 09, 2024; the price target was increased to $15 from $4. A number of analysts have revised their coverage, including Northland Capital’s analysts, who began to cover the stock in mid September with a ‘”an Outperform”‘ rating. Robert W. Baird also remained covering REAL and has decreased its forecast on January 04, 2024 with a “Neutral” recommendation from previously “an Outperform” rating. BofA Securities revised its rating on June 29, 2023. It rated REAL as “a Buy” which previously was an “an Underperform”.

Price Performance Review of REAL

On Tuesday, Therealreal Inc [NASDAQ:REAL] saw its stock jump 2.81% to $9.51. Over the last five days, the stock has gained 4.97%. Therealreal Inc shares have risen nearly 373.13% since the year began. Nevertheless, the stocks have risen 302.97% over the past one year. While a 52-week high of $9.74 was reached on 12/17/24, a 52-week low of $1.52 was recorded on 02/26/24. SMA at 50 days reached $4.71, while 200 days put it at $3.70.

Levels Of Support And Resistance For REAL Stock

The 24-hour chart illustrates a support level at 9.25, which if violated will result in even more drops to 8.98. On the upside, there is a resistance level at 9.78. A further resistance level may holdings at 10.04. The Relative Strength Index (RSI) on the 14-day chart is 85.90, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.61, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.01%. Stochastics %K at 88.04% indicates the stock is a selling.

How much short interest is there in Therealreal Inc?

A steep rise in short interest was recorded in Therealreal Inc stocks on 2024-11-29, dropping by -2.53 million shares to a total of 16.48 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 19.02 million shares. There was a decline of -15.37%, which implies that there is a negative sentiment for the stock.

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