RPM International Inc. [RPM] Insider Laroche Michael J. sells 2,593 Shares – Latest Insider Activity


In a filing, RPM International Inc. revealed its VP, Controller & CAO Laroche Michael J. unloaded Company’s shares for reported $0.27 million on Aug 16. In the deal valued at $103.63 per share,2,593 shares were sold. As a result of this transaction, Laroche Michael J. now holds 12,286 shares worth roughly $ 1.19 million.

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Then, Ratajczak Matthew T sold 6,137 shares, generating $633,885 in total proceeds. Upon selling the shares at $103.29, the VP-Global Tax and Treasurer now owns 29,451 shares.

Before that, Moore Edward W. sold 3,966 shares. RPM International Inc. shares valued at $408,573 were divested by the SVP, GC & CCO at a price of $103.02 per share. As a result of the transaction, Moore Edward W. now holds 56,473 shares, worth roughly $5.47 million.

Deutsche Bank upgraded its RPM International Inc. [RPM] rating to a Buy from a a Hold in a research note published on Tuesday, July 27, 2023; the price target was increased to $118 from $90. PT values the company’s stock at a premium of 17.92 to its Tuesday closing price.

Price Performance Review of RPM

On Tuesday, RPM International Inc. [NYSE:RPM] saw its stock fall -3.47% to $96.86. On the same session, the stock had its day’s lowest price of $96.82, but rose to a high of $99.97. Over the last five days, the stock has lost -2.86%. RPM International Inc. shares have fallen nearly -0.61% since the year began. Nevertheless, the stocks have risen 3.63% over the past one year. While a 52-week high of $107.40 was reached on 07/27/23, a 52-week low of $78.52 was recorded on 05/17/23. SMA at 50 days reached $96.92, while 200 days put it at $90.41. A total of 0.68 million shares were traded, compared to the trading of 0.44 million shares in the previous session.

Levels Of Support And Resistance For RPM Stock

The 24-hour chart illustrates a support level at 95.80, which if violated will result in even more drops to 94.73. On the upside, there is a resistance level at 98.95. A further resistance level may holdings at 101.03. The Relative Strength Index (RSI) on the 14-day chart is 38.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.44%. Stochastics %K at 17.36% indicates the stock is a buying.

How much short interest is there in RPM International Inc.?

A steep rise in short interest was recorded in RPM International Inc. stocks on Aug 14, 2023, dropping by -0.33 million shares to a total of 1.59 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 1.92 million shares. There was a decline of -20.75%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.40% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.06.

RPM International Inc. [RPM] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 13,809,449 shares, or roughly 10.70% of the outstanding RPM shares. In other words, the investor’s shares have fallen by -117,213 from its previous 13-F filing of 13926662.0. Additionally, BlackRock Fund Advisors decreased -2.64% of its stake after which the total value it holdings stand at $1,074,734,550, while Aristotle Capital Management LLC reduced -1.43% of its stake to hold $1.07 billion in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 107,486 shares of RPM International Inc., while T. Rowe Price Associates, Inc. bought -231,543 shares. At present, T. Rowe Price Investment Manageme is holding 4,345,998 shares valued at $448.99 million. Victory Capital Management, Inc. owned 3,623,416 shares of the company at the time of its most recent 13F filing, worth $374.34 million.


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