Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Red Cat Holdings Inc shares valued at $340,250 were sold by Freedman Joseph David on Dec 26 ’24. At $13.61 per share, Freedman Joseph David sold 25,000 shares. The insider’s holdings dropped to 610,190 shares worth approximately $4.53 million following the completion of this transaction.
Also, Freedman Joseph David sold 15,000 shares, netting a total of over 213,600 in proceeds. Following the sale of shares at $14.24 each, the insider now holds 585,190 shares.
Before that, Freedman Joseph David had sold 10,000 shares from its account. In a trade valued at $122,500, the Director traded Red Cat Holdings Inc shares for $12.25 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $4.45 million.
As published in their initiating research note from Northland Capital on March 11, 2025, Red Cat Holdings Inc [RCAT] has been an Outperform and the price target has been revised to $13. Analysts at Ladenburg Thalmann started covering the stock with ‘”a Buy”‘ outlook in a report released in mid June.
Analyzing RCAT Stock Performance
During the last five days, there has been a surge of approximately 27.60%. Over the course of the year, Red Cat Holdings Inc shares have dropped approximately -42.26%. Shares of the company reached a 52-week high of $15.27 on 01/06/25 and a 52-week low of $4.58 on 03/11/25. A 50-day SMA is recorded $7.27, while a 200-day SMA reached $5.24.
Support And Resistance Levels for Red Cat Holdings Inc (RCAT)
According to the 24-hour chart, there is a support level at 6.68, which, if violated, would cause prices to drop to 5.95. In the upper region, resistance lies at 7.82. The next price resistance is at 8.23. RSI (Relative Strength Index) is 62.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.69, which suggests the price will decrease in the coming days. Percent R is at 2.85%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
