Re/max Holdings, Inc. (RMAX): Geoffrey D Lewis , President of Re/max Holdings, Inc. sold 750 shares on Jun 2, 2016. The Insider selling transaction was reported by the company on Jun 6, 2016 to the Securities and Exchange Commission. The shares were sold at $41.00 per share for a total value of $30,750.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 27, 2016, Geoffrey D Lewis (President) sold 750 shares at $40.00 per share price.On May 17, 2016, Daniel J. Predovich (director) sold 1,114 shares at $39.08 per share price.Also, On May 10, 2016, Adam M. Contos (Chief Operating Officer) sold 1,564 shares at $38.22 per share price.On Dec 22, 2015, Inc. Rihi, (10% owner) sold 675,000 shares at $36.00 per share price.
Shares of Re/Max Holdings Inc (RMAX) ended Friday, Jun 3, 2016 session in red amid volatile trading. The shares closed down -0.11 points or -0.27% at $40.71 with 51,706 shares getting traded. Post opening the session at $40.77, the shares hit an intraday low of $40.27 and an intraday high of $40.91 and the price vacillated in this range throughout the day. The company has a market cap of $718 M and the number of outstanding shares has been calculated to be 1,76,45,697 shares. The 52-week high of Re/Max Holdings Inc is $43.22 and the 52-week low is $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.