Red Cat Holdings Inc’s recent filing unveils that its Director Freedman Joseph David unloaded Company’s shares for reported $0.34 million on Dec 26 ’24. In the deal valued at $13.61 per share,25,000 shares were sold. As a result of this transaction, Freedman Joseph David now holds 610,190 shares worth roughly $5.69 million.
Then, Freedman Joseph David sold 15,000 shares, generating $213,600 in total proceeds. Upon selling the shares at $14.24, the Director now owns 585,190 shares.
Before that, Freedman Joseph David sold 10,000 shares. Red Cat Holdings Inc shares valued at $122,500 were divested by the Director at a price of $12.25 per share. As a result of the transaction, Freedman Joseph David now holds 600,190 shares, worth roughly $5.6 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 Monday, Red Cat Holdings Inc [NASDAQ:RCAT] saw its stock fall -6.98% to $9.33. Over the last five days, the stock has lost -29.32%. Red Cat Holdings Inc shares have fallen nearly -27.39% since the year began. Nevertheless, the stocks have risen 1111.06% over the past one year. While a 52-week high of $15.27 was reached on 01/06/25, a 52-week low of $0.56 was recorded on 01/13/25. SMA at 50 days reached $8.17, while 200 days put it at $3.48.
Levels Of Support And Resistance For RCAT Stock
The 24-hour chart illustrates a support level at 8.94, which if violated will result in even more drops to 8.56. On the upside, there is a resistance level at 9.75. A further resistance level may holdings at 10.17. The Relative Strength Index (RSI) on the 14-day chart is 45.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.74, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.39%. Stochastics %K at 31.00% 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.
