Red Cat Holdings Inc’s recent filing unveils that its Chief Financial Officer Lunger Leah unloaded Company’s shares for reported $4.46 million on Dec 18 ’24. In the deal valued at $9.52 per share,468,639 shares were sold. As a result of this transaction, Lunger Leah now holds 322,458 shares worth roughly $3.47 million.
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Then, Lunger Leah sold 56,159 shares, generating $535,757 in total proceeds. Upon selling the shares at $9.54, the Chief Financial Officer now owns 0 shares.
Before that, Liuzza Nicholas Reyland JR sold 328,928 shares. Red Cat Holdings Inc shares valued at $2,728,176 were divested by the Director at a price of $8.29 per share. As a result of the transaction, Liuzza Nicholas Reyland JR now holds 681,072 shares, worth roughly $7.32 million.
Ladenburg Thalmann initiated its Red Cat Holdings Inc [RCAT] rating to a Buy in a research note published on June 14, 2024; the price target was $4.
Price Performance Review of RCAT
On Friday, Red Cat Holdings Inc [NASDAQ:RCAT] saw its stock jump 18.33% to $10.75. Over the last five days, the stock has gained 30.62%. Red Cat Holdings Inc shares have risen nearly 1121.59% since the year began. Nevertheless, the stocks have risen 1539.72% over the past one year. While a 52-week high of $12.57 was reached on 12/02/24, a 52-week low of $0.56 was recorded on 02/07/24. SMA at 50 days reached $5.79, while 200 days put it at $2.74.
Levels Of Support And Resistance For RCAT Stock
The 24-hour chart illustrates a support level at 9.24, which if violated will result in even more drops to 7.73. On the upside, there is a resistance level at 11.79. A further resistance level may holdings at 12.83. The Relative Strength Index (RSI) on the 14-day chart is 62.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 12.55%. Stochastics %K at 50.85% indicates the stock is a holding.
How much short interest is there in Red Cat Holdings Inc?
A steep rise in short interest was recorded in Red Cat Holdings Inc stocks on 2024-11-29, growing by 1.76 million shares to a total of 6.88 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 5.12 million shares. There was a rise of 25.57%, which implies that there is a positive sentiment for the stock.
