In a filing, RE/MAX Holdings Inc revealed its 10% Owner Peterson Adam K acquired Company’s shares for reported $0.32 million on Dec 18 ’24. In the deal valued at $10.82 per share,29,455 shares were bought. As a result of this transaction, Peterson Adam K now holds 3,207,495 shares worth roughly $35.19 million.
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Then, Peterson Adam K bought 27,366 shares, generating $299,931 in total proceeds. Upon buying the shares at $10.96, the 10% Owner now owns 3,178,040 shares.
Before that, Peterson Adam K bought 26,000 shares. RE/MAX Holdings Inc shares valued at $208,780 were divested by the 10% Owner at a price of $8.03 per share. As a result of the transaction, Peterson Adam K now holds 3,150,152 shares, worth roughly $34.56 million.
JP Morgan downgraded its RE/MAX Holdings Inc [RMAX] rating to an Underweight from a a Neutral in a research note published on December 18, 2023; the price target was decreased to $14 from $16. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in early November from “an Equal-weight” to “an Underweight”. BTIG Research began covering RMAX with “Neutral” recommendation on July 18, 2023. Stephens revised its rating on February 21, 2023. It rated RMAX as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of RMAX
On Tuesday, RE/MAX Holdings Inc [NYSE:RMAX] saw its stock jump 0.64% to $10.97. Over the last five days, the stock has lost -6.79%. RE/MAX Holdings Inc shares have fallen nearly -17.63% since the year began. Nevertheless, the stocks have fallen -13.34% over the past one year. While a 52-week high of $14.31 was reached on 11/25/24, a 52-week low of $6.94 was recorded on 04/24/24. SMA at 50 days reached $12.12, while 200 days put it at $10.01.
Levels Of Support And Resistance For RMAX Stock
The 24-hour chart illustrates a support level at 10.84, which if violated will result in even more drops to 10.69. On the upside, there is a resistance level at 11.09. A further resistance level may holdings at 11.19. The Relative Strength Index (RSI) on the 14-day chart is 38.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.82, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.25%. Stochastics %K at 17.27% indicates the stock is a buying.
How much short interest is there in RE/MAX Holdings Inc?
A steep rise in short interest was recorded in RE/MAX Holdings Inc stocks on 2024-11-29, dropping by -0.13 million shares to a total of 0.56 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.69 million shares. There was a decline of -23.25%, which implies that there is a negative sentiment for the stock.
