In a filing, Redwood Trust Inc revealed its Chief Legal Officer Stone Andrew P unloaded Company’s shares for reported $89936.0 on Dec 23 ’24. In the deal valued at $6.50 per share,13,844 shares were sold. As a result of this transaction, Stone Andrew P now holds 149,671 shares worth roughly $0.92 million.
Then, Stone Andrew P bought 13,844 shares, generating $92,000 in total proceeds.
Before that, Carillo Brooke bought 15,000 shares. Redwood Trust Inc shares valued at $93,720 were divested by the Chief Financial Officer at a price of $6.25 per share. As a result of the transaction, Carillo Brooke now holds 56,772 shares, worth roughly $0.35 million.
JP Morgan downgraded its Redwood Trust Inc [RWT] rating to a Neutral from a an Overweight in a research note published on December 09, 2024; the price target was decreased to $7 from $8. A number of analysts have revised their coverage, including Wedbush’s analysts, who decreased its forecast for the stock in mid April from “an Outperform” to “a Neutral”. UBS began covering RWT with “Buy” recommendation on December 06, 2023. BTIG Research revised its rating on December 05, 2023. It rated RWT as “a Buy” which previously was an “a Neutral”.
Price Performance Review of RWT
On Friday, Redwood Trust Inc [NYSE:RWT] saw its stock fall -3.61% to $6.15. Over the last five days, the stock has lost -5.24%. Redwood Trust Inc shares have fallen nearly -5.82% since the year began. Nevertheless, the stocks have fallen -12.89% over the past one year. While a 52-week high of $8.15 was reached on 01/06/25, a 52-week low of $5.45 was recorded on 01/10/25. SMA at 50 days reached $6.97, while 200 days put it at $6.88.
Levels Of Support And Resistance For RWT Stock
The 24-hour chart illustrates a support level at 6.09, which if violated will result in even more drops to 6.02. On the upside, there is a resistance level at 6.25. A further resistance level may holdings at 6.34. The Relative Strength Index (RSI) on the 14-day chart is 30.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.80%. Stochastics %K at 6.16% indicates the stock is a buying.
How much short interest is there in Redwood Trust Inc?
A steep rise in short interest was recorded in Redwood Trust Inc stocks on 2024-12-13, growing by 0.1 million shares to a total of 4.25 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 4.15 million shares. There was a rise of 2.37%, which implies that there is a positive sentiment for the stock.
