Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Radnet Inc shares valued at $741,295 were purchased by Norman R. Hames on Mar 17 ’25. At $49.42 per share, Norman R. Hames acquired 15,000 shares.
Also, HAMES NORMAN R sold 5,000 shares, netting a total of over 251,100 in proceeds. Following the sale of shares at $50.22 each, the insider now holds 251,959 shares.
Before that, HAMES NORMAN R had sold 5,000 shares from its account. In a trade valued at $248,950, the Pres and COO-West Operations traded Radnet Inc shares for $49.79 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $13.27 million.
As published in a research note from Raymond James on March 05, 2025, Radnet Inc [RDNT] has been rated up from an Outperform to a Strong buy and the price target has been revised to $65 from $85. Analysts at Barclays upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in early September. As of March 06, 2024, Barclays has initiated its “an Equal weight” rating for RDNT. Earlier on August 31, 2023, Truist initiated its rating. Their recommendation was “a Buy” for RDNT stock.
Analyzing RDNT Stock Performance
During the last five days, there has been a surge of approximately 1.93%. Over the course of the year, Radnet Inc shares have dropped approximately -27.45%. Shares of the company reached a 52-week high of $73.24 on 01/06/25 and a 52-week low of $45.82 on 03/13/25. A 50-day SMA is recorded $57.79, while a 200-day SMA reached $65.16.
Support And Resistance Levels for Radnet Inc (RDNT)
According to the 24-hour chart, there is a support level at 49.58, which, if violated, would cause prices to drop to 48.50. In the upper region, resistance lies at 52.03. The next price resistance is at 53.40. RSI (Relative Strength Index) is 43.13 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.55, which suggests the price will increase in the coming days. Percent R is at 32.07%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
