RE/MAX Holdings Inc’s filing revealed that its 10% Owner Peterson Adam K acquired Company’s shares for reported $0.11 million on Jan 10 ’25. In the deal valued at $9.64 per share,11,798 shares were bought. As a result of this transaction, Peterson Adam K now holds 3,247,929 shares worth roughly $32.45 million.
Then, Peterson Adam K bought 15,000 shares, generating $154,500 in total proceeds. Upon buying the shares at $10.30, the 10% Owner now owns 3,236,131 shares.
Before that, Peterson Adam K bought 13,636 shares. RE/MAX Holdings Inc shares valued at $142,496 were divested by the 10% Owner at a price of $10.45 per share. As a result of the transaction, Peterson Adam K now holds 3,221,131 shares, worth roughly $32.18 million.
JP Morgan downgraded its RE/MAX Holdings Inc [RMAX] rating to an Underweight from a a Neutral in a research note published on December 18, 2023; the price target was decreased to $14 from $16. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in early November from “an Equal-weight” to “an Underweight”. BTIG Research began covering RMAX with “Neutral” recommendation on July 18, 2023. Stephens revised its rating on February 21, 2023. It rated RMAX as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of RMAX
On Friday, RE/MAX Holdings Inc [NYSE:RMAX] saw its stock fall -0.79% to $9.99. Over the last five days, the stock has gained 3.52%. RE/MAX Holdings Inc shares have fallen nearly -6.37% since the year began. Nevertheless, the stocks have fallen -0.99% over the past one year. While a 52-week high of $14.31 was reached on 01/06/25, a 52-week low of $6.94 was recorded on 01/14/25. SMA at 50 days reached $11.56, while 200 days put it at $10.17.
Levels Of Support And Resistance For RMAX Stock
The 24-hour chart illustrates a support level at 9.87, which if violated will result in even more drops to 9.74. On the upside, there is a resistance level at 10.17. A further resistance level may holdings at 10.35. The Relative Strength Index (RSI) on the 14-day chart is 39.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.55%. Stochastics %K at 45.85% indicates the stock is a holding.
How much short interest is there in RE/MAX Holdings Inc?
A steep rise in short interest was recorded in RE/MAX Holdings Inc stocks on 2024-12-31, dropping by 52573.0 shares to a total of 0.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 0.56 million shares. There was a decline of -10.29%, which implies that there is a negative sentiment for the stock.
