Red Cat Holdings Inc’s filing revealed that its Director Freedman Joseph David unloaded Company’s shares for reported $0.34 million on Dec 26 ’24. In the deal valued at $13.61 per share,25,000 shares were sold. As a result of this transaction, Freedman Joseph David now holds 610,190 shares worth roughly $5.09 million.
Then, Freedman Joseph David sold 15,000 shares, generating $213,600 in total proceeds. Upon selling the shares at $14.24, the Director now owns 585,190 shares.
Before that, Freedman Joseph David sold 10,000 shares. Red Cat Holdings Inc shares valued at $122,500 were divested by the Director at a price of $12.25 per share. As a result of the transaction, Freedman Joseph David now holds 600,190 shares, worth roughly $5.01 million.
Northland Capital initiated its Red Cat Holdings Inc [RCAT] rating to an Outperform in a research note published on March 11, 2025; the price target was $13. A number of analysts have revised their coverage, including Ladenburg Thalmann’s analysts, who began to cover the stock in mid June with a ‘”a Buy”‘ rating.
Price Performance Review of RCAT
On Friday, Red Cat Holdings Inc [NASDAQ:RCAT] saw its stock fall -4.69% to $8.34. Over the last five days, the stock has gained 2.21%. Red Cat Holdings Inc shares have fallen nearly -35.10% since the year began. Nevertheless, the stocks have risen 816.48% over the past one year. While a 52-week high of $15.27 was reached on 01/06/25, a 52-week low of $0.94 was recorded on 03/11/25.
Levels Of Support And Resistance For RCAT Stock
The 24-hour chart illustrates a support level at 7.81, which if violated will result in even more drops to 7.29. On the upside, there is a resistance level at 9.18. A further resistance level may holdings at 10.02.
How much short interest is there in Red Cat Holdings Inc?
A steep rise in short interest was recorded in Red Cat Holdings Inc stocks on 2025-05-30, dropping by -2.22 million shares to a total of 11.46 million shares. Yahoo Finance data shows the prior-month short interest on 2025-04-30 was 13.68 million shares. There was a decline of -19.34%, which implies that there is a negative sentiment for the stock.
