Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Rocket Companies Inc shares valued at $4,385 were purchased by Rizik Matthew on Jun 28 ’24. At $13.79 per share, Rizik Matthew acquired 318 shares. The insider’s holdings grew to 707,528 shares worth approximately $10.15 million following the completion of this transaction.
Also, Rizik Matthew purchased 316 shares, netting a total of over 4,361 in proceeds. Following the buying of shares at $13.80 each, the insider now holds 707,210 shares.
Before that, Rizik Matthew had added 310 shares to its account. In a trade valued at $4,343, the Director bought Rocket Companies Inc shares for $14.01 each. Upon closing the transaction, the insider’s holdings increased to 310 shares, worth approximately $10.13 million.
As published in a research note from UBS on January 10, 2025, Rocket Companies Inc [RKT] has been rated up from a Sell to a Neutral and the price target has been revised to $11.50. Analysts at Keefe Bruyette downgraded the stock from ‘”a Mkt perform”‘ to ‘”an Underperform”‘ outlook in a report released in early December. As of November 15, 2024, BofA Securities has increased its “an Underperform” rating to a “Neutral” for RKT.
Analyzing RKT Stock Performance
During the last five days, there has been a surge of approximately 4.44%. Over the course of the year, Rocket Companies Inc shares have jumped approximately 34.58%. Shares of the company reached a 52-week high of $15.90 on 03/07/25 and a 52-week low of $10.06 on 01/13/25. A 50-day SMA is recorded $12.97, while a 200-day SMA reached $15.14.
Support And Resistance Levels for Rocket Companies Inc (RKT)
According to the 24-hour chart, there is a support level at 13.92, which, if violated, would cause prices to drop to 13.51. In the upper region, resistance lies at 14.89. The next price resistance is at 15.45. RSI (Relative Strength Index) is 57.88 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.31, which suggests the price will decrease in the coming days. Percent R is at 49.21%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
