Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Runway Growth Finance Corp shares valued at $10,340 were purchased by SPRENG R DAVID on Dec 19 ’24. At $10.34 per share, SPRENG R DAVID acquired 1,000 shares. The insider’s holdings grew to 70,532 shares worth approximately $0.77 million following the completion of this transaction.
Also, Raterman Thomas B. purchased 8,803 shares, netting a total of over 89,615 in proceeds. Following the buying of shares at $10.18 each, the insider now holds 209,511 shares.
Before that, SPRENG R DAVID had added 8,803 shares to its account. In a trade valued at $89,615, the President and CEO bought Runway Growth Finance Corp shares for $10.18 each. Upon closing the transaction, the insider’s holdings increased to 8,803 shares, worth approximately $2.28 million.
As published in a research note from Wells Fargo on December 02, 2024, Runway Growth Finance Corp [RWAY] has been rated up from an Equal weight to an Overweight. Analysts at Compass Point upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid August. As of June 28, 2024, BofA Securities has initiated its “Neutral” rating for RWAY. Earlier on May 08, 2024, Compass Point downgraded its rating. Their new recommendation was “a Neutral” for RWAY stock which previously was a “a Buy”.
Analyzing RWAY Stock Performance
During the last five days, there has been a drop of approximately -0.73%. Over the course of the year, Runway Growth Finance Corp shares have dropped approximately -0.73%. Shares of the company reached a 52-week high of $11.18 on 01/03/25 and a 52-week low of $10.83 on 01/08/25. A 50-day SMA is recorded $10.51, while a 200-day SMA reached $11.20. Nevertheless, trading volume fell to 0.2 million shares from 0.21 million shares the previous day.
Support And Resistance Levels for Runway Growth Finance Corp (RWAY)
According to the 24-hour chart, there is a support level at 10.81, which, if violated, would cause prices to drop to 10.75. In the upper region, resistance lies at 10.96. The next price resistance is at 11.05. RSI (Relative Strength Index) is 55.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.18, which suggests the price will decrease in the coming days. Percent R is at 28.85%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
