RE/MAX Holdings jumps as it agrees to be acquired by The Real Brokerage

RE/MAX Holdings (RMAX) is up 22.8% today. Here is some analysis on what might have caused this price movement.

Analysis: Shares surged after RE/MAX Holdings announced a definitive agreement to be acquired by The Real Brokerage, a deal that set a clear cash/stock value framework for RMAX shareholders. The sharp move likely reflects merger-arbitrage pricing dynamics as investors recalibrated toward the announced consideration and closing probability.

Details:

RE/MAX Holdings and The Real Brokerage announced a definitive agreement for Real to acquire RE/MAX Holdings, with the combined platform expected to operate under a new holding company name.

The transaction implies an enterprise value of about $880 million, and the companies disclosed an election structure that allows RE/MAX shareholders to choose either cash consideration or stock consideration (subject to proration limits on the aggregate cash component).

The deal terms disclosed a headline value of $13.80 per RE/MAX share, using a reference closing price for Real, and also described a stock-election alternative based on a specified exchange ratio (with adjustments tied to a planned share consolidation at Real).

RE/MAX Holdings also indicated it would no longer hold its previously scheduled first-quarter 2026 earnings conference call and webcast in light of the pending transaction.

Sources:

SEC, Bloomberg, HousingWire

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$RMAX Insider Trading Activity

$RMAX insiders have traded $RMAX stock on the open market 4 times in the past 6 months. Of those trades, 0 have been purchases and 4 have been sales.

Here’s a breakdown of recent trading of $RMAX stock by insiders over the last 6 months:

ADAM K PETERSON has made 0 purchases and 4 sales selling 262,555 shares for an estimated $1,645,127.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API.

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$RMAX Hedge Fund Activity

We have seen 63 institutional investors add shares of $RMAX stock to their portfolio, and 56 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

RUSSELL INVESTMENTS GROUP, LTD. removed 364,798 shares (-91.5%) from their portfolio in Q4 2025, for an estimated $2,768,816
MAGNOLIA GROUP, LLC removed 201,555 shares (-7.0%) from their portfolio in Q1 2026, for an estimated $1,160,956
JPMORGAN CHASE & CO removed 161,834 shares (-30.4%) from their portfolio in Q4 2025, for an estimated $1,228,320
JANE STREET GROUP, LLC added 158,986 shares (+209.6%) to their portfolio in Q4 2025, for an estimated $1,206,703
CITADEL ADVISORS LLC added 111,737 shares (+887.6%) to their portfolio in Q4 2025, for an estimated $848,083
TREXQUANT INVESTMENT LP added 86,284 shares (+inf%) to their portfolio in Q4 2025, for an estimated $654,895
NORGES BANK removed 82,800 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $628,452

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.