Re/max Holdings, Inc. (RMAX): Adam M. Contos , Chief Operating Officer of Re/max Holdings, Inc. sold 1,564 shares on May 9, 2016. The Insider selling transaction was reported by the company on May 10, 2016 to the Securities and Exchange Commission. The shares were sold at $38.22 per share for a total value of $59,769.86 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Dec 22, 2015, Inc. Rihi, (10% owner) sold 675,000 shares at $36.00 per share price.On Dec 22, 2015, Gail A. Liniger (director 10% owner) sold 675,000 shares at $36.00 per share price.Also, On Dec 22, 2015, David L. Liniger (director officer 10% owner (CEO, Chairman, Co-Fou) sold 675,000 shares at $36.00 per share price.On Nov 10, 2015, David Metzger (COO and CFO) sold 60,000 shares at $39.57 per share price.
Re/Max Holdings Inc: On Friday, May 6, 2016 heightened volatility was witnessed in Re/Max Holdings Inc which led to swings in the share price. The shares opened for trading at $36.82 and hit $37.75 on the upside , eventually ending the session at $37.4, with a gain of 2.16% or 0.79 points. The heightened volatility saw the trading volume jump to 1,30,335 shares. The 52-week high of the share price is $43.22 and the company has a market cap of $658 M . The 52-week low of the share price is at $30.22.
Company has been under the radar of several Street Analysts.Re/Max Holdings Inc is Initiated by Keefe Bruyette to Mkt Perform and the brokerage firm has set the Price Target at $34. The Rating was issued on Mar 31, 2016.
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 Company’s 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.