RMG Acquisition Corp. (RMG) Surged 7.98%, Can Traders Take Benefit?

GLAZER CAPITAL, LLC, the 10% Owner of RMG Acquisition Corp., sold 10000.0 shares at the valuation of $10.85 during an exchange that occurred on Sep 22, which implies that GLAZER CAPITAL, LLC is holding 2,800,432 shares at the estimation of $108,500.

In another transaction, on Sep 21, 10% Owner of RMG Acquisition Corp., GLAZER CAPITAL, LLC, sold 1171.0 shares at the price of $10.85. After this activity, GLAZER CAPITAL, LLC now keeps 2,810,432 shares of RMG Acquisition Corp., esteemed at $12,705.

RMG Recent Trade

The share price of RMG ascended by $0.85 during the exchanging session on 10/02/20 to exchange at $11.50. RMG Acquisition Corp. stock has an exchanging volume of 4.42 million shares, which is high, contrasted with its 3-months average volume of 154.75K shares. Its market capitalization has now reached to $306.25M.

RMG Past Trading Activity

The market tends to become urbane often, in any event, for prepared investors and traders. In any event, when a merchant got what he/she had expected, the market occasionally chooses to move the other way. This instability leads a few traders questioning and re-thinking their moves. This is the reason becoming acquainted with past price performance, just as both long and short time period, is significant. If we look the past performance, during the last one week, RMG price has rose by 7.58%. In the course of past three months sees the stock go up around 12.75%, while it has gain 13.97% over the past six months and 15.23% since the start of the year.

RMG Price Performance

Let us presently take a gander at a portion of its probable help and opposition resistance. Late research on RMG Acquisition Corp. has seen its stock exchanging -3.20% underneath its three-month high price. A glance at the opposite side additionally observes stock exchanging +13.64% above its three-month low. A more extensive look sees RMG exchanging 5.50% beneath its 52-week high and 21.05% above from its 52-week low price.

RMG Instability & Beta Factor

The Volatility of a stock means that the stock’s drop or increase in the event that the more extensive market drops or rushes. A beta score higher than 1 implies that a stock is profoundly unpredictable while underneath 1 implies that the Volatility of a stock is low. If we look trading Volatility. Its 7-day Volatility is around 3.55%, while it has a month to month instability of 2.00%. The company has an ATR (Average True Range) of 0.23.

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