The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Red Cat Holdings Inc shares valued at $340,250 were sold by Freedman Joseph David on Dec 26 ’24. At $13.61 per share, Freedman Joseph David sold 25,000 shares. The insider’s holdings dropped to 610,190 shares worth approximately $6.16 million following the completion of this transaction.
Also, Freedman Joseph David sold 15,000 shares, netting a total of over 213,600 in proceeds. Following the sale of shares at $14.24 each, the insider now holds 585,190 shares.
Before that, Freedman Joseph David had sold 10,000 shares from its account. In a trade valued at $122,500, the Director traded Red Cat Holdings Inc shares for $12.25 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $6.06 million.
As published in their initiating research note from Ladenburg Thalmann on June 14, 2024, Red Cat Holdings Inc [RCAT] has been a Buy and the price target has been revised to $4.
Analyzing RCAT Stock Performance
During the last five days, there has been a drop of approximately -14.58%. Over the course of the year, Red Cat Holdings Inc shares have dropped approximately -21.36%. Shares of the company reached a 52-week high of $15.27 on 01/06/25 and a 52-week low of $8.98 on 01/13/25. A 50-day SMA is recorded $8.59, while a 200-day SMA reached $3.62. Nevertheless, trading volume fell to 12.72 million shares from 12.28 million shares the previous day.
Support And Resistance Levels for Red Cat Holdings Inc (RCAT)
According to the 24-hour chart, there is a support level at 9.38, which, if violated, would cause prices to drop to 8.65. In the upper region, resistance lies at 11.04. The next price resistance is at 11.97. RSI (Relative Strength Index) is 48.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.77, which suggests the price will decrease in the coming days. Percent R is at 82.12%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
