Resolute Holdings Management (NYSE:RHLD) Trading Down 7.9% – Here’s What Happened

Resolute Holdings Management, Inc. (NYSE:RHLDGet Free Report) was down 7.9% during mid-day trading on Wednesday . The stock traded as low as $159.32 and last traded at $156.00. Approximately 20,972 shares traded hands during trading, a decline of 88% from the average daily volume of 170,383 shares. The stock had previously closed at $169.29.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Resolute Holdings Management in a report on Thursday, January 22nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has an average rating of “Sell”.

Get Our Latest Research Report on Resolute Holdings Management

Resolute Holdings Management Trading Down 11.0%

The business’s 50-day simple moving average is $194.09 and its two-hundred day simple moving average is $149.36. The stock has a market capitalization of $1.28 billion and a price-to-earnings ratio of -306.87. The company has a debt-to-equity ratio of 4.17, a current ratio of 3.67 and a quick ratio of 3.05.

Institutional Trading of Resolute Holdings Management

Several institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC acquired a new stake in Resolute Holdings Management in the fourth quarter valued at approximately $27,000. GAMMA Investing LLC acquired a new position in Resolute Holdings Management during the 4th quarter worth $35,000. Kestra Advisory Services LLC bought a new stake in Resolute Holdings Management during the fourth quarter valued at about $52,000. California State Teachers Retirement System acquired a new stake in shares of Resolute Holdings Management in the fourth quarter valued at about $54,000. Finally, Atlas Capital Advisors Inc. bought a new position in shares of Resolute Holdings Management in the fourth quarter worth about $86,000.

Resolute Holdings Management Company Profile

(Get Free Report)

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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