Shares of RE/MAX Holdings (NYSE:RMAX) Sees Large Outflow of Money

RE/MAX Holdings (NYSE:RMAX) managed to stay afloat and traded higher with an addition of 0.75 point or 1.82% at $41.94. The money flow data is a negative $(-2.13) million with $2.06 million in upticks and $4.19 million in downticks. The intraday up/down ratio came in at 0.49. The shares have seen 2.89% change for the week in its share price.From the data available, it was found that a block transaction occurred during the course of trading. For it, the aggregated worth of the upticks was $0.53 million and the combined worth of the downticks was $3.31, Million, leading to the up/down ratio of 0.16. The block trade saw a net money flow of $(-2.78) million.


The stock has recorded a 20-day Moving Average of 3.36% and the 50-Day Moving Average is 9.67%. The company shares have rallied 21.11% in the past 52 Weeks. On November 11, 2015 The shares registered one year high of $43.22 and one year low was seen on February 11, 2016 at $30.22. The 50-day moving average is $39.61 and the 200 day moving average is recorded at $36.08. S&P 500 has rallied 1.93% during the last 52-weeks.

RE/MAX Holdings (NYSE:RMAX): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $41.53 and $41.19 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $42.27. The buying momentum continued till the end and the stock did not give up its gains. It closed at $42.20, notching a gain of 2.45% for the day. The total traded volume was 231,231 . The stock had closed at $41.19 on the previous day.

Currently the company Insiders own 0.58% of RE/MAX Holdings shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -11.01% . During last six month period, the net percent change held by insiders has seen a change of -11.01%. On the companys insider trading activities, The officer (President), of Re/Max Holdings, Inc., Lewis Geoffrey D had unloaded 750 shares at $41 per share in a transaction on June 2, 2016. The total value of transaction was $30,750. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

RE/MAX Holdings, Inc. is a franchisor of real estate brokerage services. Its business is to recruit and retain agents and sell franchises. The Company operates in two segments: Real Estate Franchise Services and Brokerages. The Real Estate Franchise Services segment comprises the operations of the Companys owned and independent global franchising operations and corporate-wide professional services expenses. The Brokerages reportable segment contains the operations of its 21 owned brokerage offices in the United States (which represent less than 1% of RE/MAX brokerages in the United States), the results of operations of a mortgage brokerage company, in which it owns a non-controlling interest and reflects the elimination of intersegment revenue and other consolidation entities. It operates in the real estate brokerage franchise industry in the United States, Canada and 95 other countries.

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