Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Rush Street Interactive Inc shares valued at $2,016,706 were sold by SCHWARTZ RICHARD TODD on Dec 10 ’24. At $13.57 per share, SCHWARTZ RICHARD TODD sold 148,649 shares. The insider’s holdings dropped to 1,613,578 shares worth approximately $21.2 million following the completion of this transaction.
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Also, SCHWARTZ RICHARD TODD sold 45,256 shares, netting a total of over 611,277 in proceeds. Following the sale of shares at $13.51 each, the insider now holds 1,762,227 shares.
Before that, SCHWARTZ RICHARD TODD had added 193,905 shares to its account. In a trade valued at $2,231,265, the Officer bought Rush Street Interactive Inc shares for $11.51 each.
As published in a research note from Needham on May 17, 2024, Rush Street Interactive Inc [RSI] has been retained to a Buy and the price target has been revised to $10. Analysts at Craig Hallum upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid April. As of March 08, 2024, JMP Securities has decreased its “Mkt outperform” rating to a “Mkt perform” for RSI. Earlier on March 04, 2024, Susquehanna downgraded its rating. Their new recommendation was “a Neutral” for RSI stock which previously was a “a Positive”.
Analyzing RSI Stock Performance
During the last five days, there has been a drop of approximately -3.88%. Over the course of the year, Rush Street Interactive Inc shares have jumped approximately 192.65%. Shares of the company reached a 52-week high of $14.92 on 12/04/24 and a 52-week low of $3.56 on 01/16/24. A 50-day SMA is recorded $12.16, while a 200-day SMA reached $9.51. Nevertheless, trading volume fell to 1.37 million shares from 2.05 million shares the previous day.
Support And Resistance Levels for Rush Street Interactive Inc (RSI)
According to the 24-hour chart, there is a support level at 12.94, which, if violated, would cause prices to drop to 12.75. In the upper region, resistance lies at 13.41. The next price resistance is at 13.68. RSI (Relative Strength Index) is 50.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.44, which suggests the price will decrease in the coming days. Percent R is at 82.22%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
