Red Cat Holdings Inc’s recently made public that its CTO, Red Cat Holdings Matus George Michael unloaded Company’s shares for reported $4.42 million on Dec 26 ’24. In the deal valued at $14.27 per share,309,491 shares were sold. As a result of this transaction, Matus George Michael now holds 304,406 shares worth roughly $3.73 million.
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Then, Matus George Michael sold 72,093 shares, generating $872,325 in total proceeds. Upon selling the shares at $12.10, the CTO, Red Cat Holdings now owns 613,897 shares.
Before that, Liuzza Nicholas Reyland JR sold 200,000 shares. Red Cat Holdings Inc shares valued at $2,160,000 were divested by the Director at a price of $10.80 per share. As a result of the transaction, Liuzza Nicholas Reyland JR now holds 481,072 shares, worth roughly $5.9 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 fall -8.58% to $12.26. Over the last five days, the stock has gained 34.95%. Red Cat Holdings Inc shares have risen nearly 1293.18% since the year began. Nevertheless, the stocks have risen 1346.27% over the past one year. While a 52-week high of $14.91 was reached on 12/26/24, a 52-week low of $0.56 was recorded on 02/07/24. SMA at 50 days reached $6.49, while 200 days put it at $2.96.
Levels Of Support And Resistance For RCAT Stock
The 24-hour chart illustrates a support level at 11.35, which if violated will result in even more drops to 10.45. On the upside, there is a resistance level at 13.69. A further resistance level may holdings at 15.13. The Relative Strength Index (RSI) on the 14-day chart is 64.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.89, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 32.32%. Stochastics %K at 73.85% 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.
