Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Renasant Corp shares valued at $114,000 were sold by CREEKMORE JOHN on Nov 06 ’24. At $38.00 per share, CREEKMORE JOHN sold 3,000 shares. The insider’s holdings dropped to 24,057 shares worth approximately $0.91 million following the completion of this transaction.
As published in a research note from Hovde Group on November 13, 2024, Renasant Corp [RNST] has been rated down from an Outperform to a Market perform. Analysts at Piper Sandler upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in early August. As of August 05, 2024, Hovde Group has increased its “Market perform” rating to a “an Outperform” for RNST. Earlier on July 31, 2024, Stephens upgraded its rating. Their new recommendation was “an Overweight” for RNST stock which previously was a “an Equal-weight”.
Analyzing RNST Stock Performance
During the last five days, there has been a surge of approximately 3.64%. Over the course of the year, Renasant Corp shares have jumped approximately 5.87%. Shares of the company reached a 52-week high of $39.17 on 01/29/25 and a 52-week low of $33.31 on 01/10/25. A 50-day SMA is recorded $36.46, while a 200-day SMA reached $33.18. Nevertheless, trading volume fell to 0.8 million shares from 0.5 million shares the previous day.
Support And Resistance Levels for Renasant Corp (RNST)
According to the 24-hour chart, there is a support level at 37.06, which, if violated, would cause prices to drop to 36.26. In the upper region, resistance lies at 38.91. The next price resistance is at 39.96. RSI (Relative Strength Index) is 63.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.45, which suggests the price will increase in the coming days. Percent R is at 22.51%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
