Resolute Holdings Management, Inc. (NYSE:RHLD – Get Free Report) shares traded down 8.6% on Monday . The company traded as low as $128.91 and last traded at $129.8110. Approximately 66,949 shares traded hands during mid-day trading, a decline of 64% from the average daily volume of 188,513 shares. The stock had previously closed at $141.97.
Wall Street Analysts Forecast Growth
RHLD has been the topic of several recent research reports. Wall Street Zen lowered shares of Resolute Holdings Management from a “hold” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings downgraded shares of Resolute Holdings Management from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, April 24th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.
Read Our Latest Stock Report on RHLD
Resolute Holdings Management Stock Performance
Insiders Place Their Bets
In other news, CFO Kurt Schoen purchased 450 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were acquired at an average price of $108.34 per share, with a total value of $48,753.00. Following the acquisition, the chief financial officer directly owned 2,850 shares in the company, valued at approximately $308,769. The trade was a 18.75% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Krishna Mikkilineni acquired 921 shares of the firm’s stock in a transaction on Thursday, May 14th. The stock was purchased at an average price of $108.52 per share, for a total transaction of $99,946.92. Following the transaction, the director directly owned 1,145 shares of the company’s stock, valued at approximately $124,255.40. This trade represents a 411.16% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 52.80% of the company’s stock.
Institutional Trading of Resolute Holdings Management
Several large investors have recently modified their holdings of RHLD. JPMorgan Chase & Co. bought a new position in Resolute Holdings Management during the 3rd quarter valued at approximately $173,000. GAMMA Investing LLC bought a new stake in Resolute Holdings Management in the fourth quarter valued at $35,000. SG Americas Securities LLC purchased a new stake in shares of Resolute Holdings Management in the 4th quarter worth about $267,000. Leo Wealth LLC bought a new stake in shares of Resolute Holdings Management during the 4th quarter valued at about $2,238,000. Finally, State of Alaska Department of Revenue purchased a new position in shares of Resolute Holdings Management during the fourth quarter valued at about $282,000.
About Resolute Holdings Management
Resolute Holdings Management, Inc operates as an alternative asset management platform company. The company was incorporated in 2024 and is based in New York, New York.
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