Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Rush Street Interactive Inc shares valued at $1,598,855 were sold by GOLD JUDITH on Dec 30 ’24. At $13.55 per share, GOLD JUDITH sold 118,001 shares. The insider’s holdings dropped to 21,999 shares worth approximately $0.3 million following the completion of this transaction.
Also, GOLD JUDITH sold 21,999 shares, netting a total of over 302,486 in proceeds. Following the sale of shares at $13.75 each, the insider now holds 0 shares.
Before that, GOLD JUDITH had added 140,000 shares to its account. In a trade valued at $1,904,000, the Member of immediate family of bought Rush Street Interactive Inc shares for $13.60 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 surge of approximately 1.70%. Over the course of the year, Rush Street Interactive Inc shares have jumped approximately 205.57%. 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 $12.51, while a 200-day SMA reached $9.78. Nevertheless, trading volume fell to 1.52 million shares from 1.36 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 13.48, which, if violated, would cause prices to drop to 13.24. In the upper region, resistance lies at 13.88. The next price resistance is at 14.04. RSI (Relative Strength Index) is 55.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.08, which suggests the price will decrease in the coming days. Percent R is at 29.73%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
