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. Redwood Trust Inc shares valued at $89,936 were sold by Stone Andrew P on Dec 23 ’24. At $6.50 per share, Stone Andrew P sold 13,844 shares. The insider’s holdings dropped to 149,671 shares worth approximately $0.83 million following the completion of this transaction.
Also, Stone Andrew P purchased 13,844 shares, netting a total of over 92,000 in proceeds.
As published in a research note from JP Morgan on December 09, 2024, Redwood Trust Inc [RWT] has been rated down from an Overweight to a Neutral and the price target has been revised to $7 from $8. Analysts at Wedbush downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in mid April. As of December 06, 2023, UBS has initiated its “Buy” rating for RWT. Earlier on December 05, 2023, BTIG Research upgraded its rating. Their new recommendation was “a Buy” for RWT stock which previously was a “a Neutral”.
Analyzing RWT Stock Performance
During the last five days, there has been a surge of approximately 0.36%. Over the course of the year, Redwood Trust Inc shares have dropped approximately -15.16%. Shares of the company reached a 52-week high of $6.73 on 02/07/25 and a 52-week low of $4.68 on 04/09/25.
Support And Resistance Levels for Redwood Trust Inc (RWT)
According to the 24-hour chart, there is a support level at 5.47, which, if violated, would cause prices to drop to 5.41. In the upper region, resistance lies at 5.59. The next price resistance is at 5.63. RSI (Relative Strength Index) is 41.60 on the 14-day chart, showing neutral technical sentiment.
