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 $3.29 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 $3.24 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 Friday, Red Cat Holdings Inc [NASDAQ:RCAT] saw its stock jump 2.08% to $5.39. Over the last five days, the stock has lost -13.06%. Red Cat Holdings Inc shares have fallen nearly -58.05% since the year began. Nevertheless, the stocks have risen 566.25% over the past one year. While a 52-week high of $15.27 was reached on 01/06/25, a 52-week low of $0.70 was recorded on 03/04/25. SMA at 50 days reached $9.36, while 200 days put it at $4.82.
Levels Of Support And Resistance For RCAT Stock
The 24-hour chart illustrates a support level at 5.11, which if violated will result in even more drops to 4.82. On the upside, there is a resistance level at 5.62. A further resistance level may holdings at 5.84. The Relative Strength Index (RSI) on the 14-day chart is 28.56, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.47%. Stochastics %K at 6.73% indicates the stock is a buying.
