The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Regional Management Corp shares valued at $35,148 were purchased by BASSWOOD CAPITAL MANAGEMENT, L on Feb 14 ’25. At $36.31 per share, BASSWOOD CAPITAL MANAGEMENT, L acquired 968 shares. The insider’s holdings grew to 968 shares worth approximately $30269.36 following the completion of this transaction.
Also, Beck Robert William sold 13,000 shares, netting a total of over 477,230 in proceeds. Following the sale of shares at $36.71 each, the insider now holds 101,673 shares.
Before that, Forager Fund, L.P. had sold 21,805 shares from its account. In a trade valued at $701,434, the 10% Owner traded Regional Management Corp shares for $32.17 each. Upon closing the transaction, the insider’s holdings decreased to 21,805 shares, worth approximately $31.93 million.
As published in their initiating research note from Stephens on November 13, 2024, Regional Management Corp [RM] has been an Overweight and the price target has been revised to $38. Analysts at BTIG Research started covering the stock with ‘”a Neutral”‘ outlook in a report released in early June. As of September 29, 2021, JMP Securities has decreased its “Mkt outperform” rating to a “Mkt perform” for RM. Earlier on June 09, 2021, BMO Capital Markets downgraded its rating. Their new recommendation was “a Market perform” for RM stock which previously was a “an Outperform”.
Analyzing RM Stock Performance
During the last five days, there has been a surge of approximately 5.75%. Over the course of the year, Regional Management Corp shares have dropped approximately -7.98%. Shares of the company reached a 52-week high of $37.52 on 02/06/25 and a 52-week low of $25.41 on 04/07/25. A 50-day SMA is recorded $31.89, while a 200-day SMA reached $31.79.
Support And Resistance Levels for Regional Management Corp (RM)
According to the 24-hour chart, there is a support level at 30.90, which, if violated, would cause prices to drop to 30.53. In the upper region, resistance lies at 31.64. The next price resistance is at 32.00. RSI (Relative Strength Index) is 53.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.22, which suggests the price will increase in the coming days. Percent R is at 10.19%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
