The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Red Cat Holdings Inc shares valued at $2,853,903 were sold by Matus George Michael on Dec 20 ’24. At $9.94 per share, Matus George Michael sold 287,113 shares. The insider’s holdings dropped to 685,990 shares worth approximately $8.16 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Thompson Jeffrey M purchased 500,000 shares, netting a total of over 5,375,000 in proceeds.
Before that, Lunger Leah had sold 468,639 shares from its account. In a trade valued at $4,461,443, the Chief Financial Officer traded Red Cat Holdings Inc shares for $9.52 each. Upon closing the transaction, the insider’s holdings decreased to 468,639 shares, worth approximately $3.83 million.
As published in their initiating research note from Ladenburg Thalmann on June 14, 2024, Red Cat Holdings Inc [RCAT] has been a Buy and the price target has been revised to $4.
Analyzing RCAT Stock Performance
During the last five days, there has been a surge of approximately 21.20%. Over the course of the year, Red Cat Holdings Inc shares have jumped approximately 1231.81%. Shares of the company reached a 52-week high of $13.89 on 12/23/24 and a 52-week low of $0.56 on 02/07/24. A 50-day SMA is recorded $6.11, while a 200-day SMA reached $2.84. Nevertheless, trading volume fell to 9.87 million shares from 20.79 million shares the previous day.
Support And Resistance Levels for Red Cat Holdings Inc (RCAT)
According to the 24-hour chart, there is a support level at 10.83, which, if violated, would cause prices to drop to 9.78. In the upper region, resistance lies at 12.62. The next price resistance is at 13.36. RSI (Relative Strength Index) is 65.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.23, which suggests the price will increase in the coming days. Percent R is at 27.86%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
