Sturm Ruger & Company Inc.’s recently made public that its CEO and President Killoy Christopher John unloaded Company’s shares for reported $0.54 million on Jun 07. In the deal valued at $53.02 per share,10,105 shares were sold. As a result of this transaction, Killoy Christopher John now holds 50,827 shares worth roughly $ 2.63 million.
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Then, Reid Kevin B. Sr sold 2,500 shares, generating $156,250 in total proceeds. Upon selling the shares at $62.50, the VP & General Counsel now owns 14,947 shares.
Before that, Killoy Christopher John sold 4,020 shares. Sturm Ruger & Company Inc. shares valued at $241,723 were divested by the CEO and President at a price of $60.13 per share. As a result of the transaction, Killoy Christopher John now holds 48,025 shares, worth roughly $2.49 million.
Aegis Capital initiated its Sturm Ruger & Company Inc. [RGR] rating to a Hold in a research note published on Friday, September 24, 2020; the price target was $70. PT values the company’s stock at a premium of 26.03 to its Friday closing price.
Price Performance Review of RGR
On Friday, Sturm Ruger & Company Inc. [NYSE:RGR] saw its stock jump 0.39% to $51.78. On the same session, the stock had its day’s lowest price of $51.58, but rose to a high of $52.2958. Over the last five days, the stock has gained 0.54%. Sturm Ruger & Company Inc. shares have risen nearly 2.29% since the year began. Nevertheless, the stocks have risen 8.41% over the past one year. While a 52-week high of $61.34 was reached on 02/23/23, a 52-week low of $45.25 was recorded on 06/05/23. SMA at 50 days reached $53.15, while 200 days put it at $54.71. A total of 67297.0 shares were traded, compared to the trading of 0.11 million shares in the previous session.
Levels Of Support And Resistance For RGR Stock
The 24-hour chart illustrates a support level at 51.47, which if violated will result in even more drops to 51.17. On the upside, there is a resistance level at 52.19. A further resistance level may holdings at 52.60. The Relative Strength Index (RSI) on the 14-day chart is 41.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.04%. Stochastics %K at 19.14% indicates the stock is a buying.
How much short interest is there in Sturm Ruger & Company Inc.?
A steep rise in short interest was recorded in Sturm Ruger & Company Inc. stocks on Aug 14, 2023, growing by 4100.0 shares to a total of 0.38 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 0.37 million shares. There was a rise of 1.08%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.08% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.87.
Sturm Ruger & Company Inc. [RGR] – Who Are The Largest Shareholders?
In filings from BlackRock Fund Advisors, it is revealed that the company now owns 2,862,918 shares, or roughly 16.17% of the outstanding RGR shares. In other words, the investor’s shares have risen by 19,265 from its previous 13-F filing of 2843653.0. Additionally, The Vanguard Group, Inc. decreased -0.28% of its stake after which the total value it holdings stand at $103,378,627, while Renaissance Technologies LLC added 1.81% of its stake to hold $49.32 million in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 2,836 shares of Sturm Ruger & Company Inc., while Charles Schwab Investment Managem bought 21,617 shares. At present, Geode Capital Management LLC is holding 368,627 shares valued at $19.52 million. First Trust Advisors LP owned 249,515 shares of the company at the time of its most recent 13F filing, worth $13.21 million.
According to FactSet, Sturm Ruger & Company Inc.’s share price will average $67.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 29.9 percent from its previous closing price of $51.58. Analysts expect Sturm Ruger & Company Inc. stock to reach the higher price of $70.00, while the lowest price estimate is $64.00. However, 2 analysts have rated RGR stock as an Overweight in their predictions for 2023.