Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Ryan Specialty Holdings Inc shares valued at $471,656 were sold by BOLGER DAVID P on Nov 13 ’23. At $44.58 per share, BOLGER DAVID P sold 10,580 shares. The insider’s holdings dropped to 85,204 shares worth approximately $4.29 million following the completion of this transaction.
Also, CORTEZI NICHOLAS DOMINIC sold 4,283 shares, netting a total of over 191,353 in proceeds. Following the sale of shares at $44.68 each, the insider now holds 0 shares.
Before that, CORTEZI NICHOLAS DOMINIC had sold 25,000 shares from its account. In a trade valued at $1,126,362, the Director traded Ryan Specialty Holdings Inc shares for $45.05 each. Upon closing the transaction, the insider’s holdings decreased to 25,000 shares, worth approximately $0.0.
As published in a research note from Goldman on November 20, 2023, Ryan Specialty Holdings Inc [RYAN] has been rated down from a Buy to a Neutral and the price target has been revised to $53 from $57. Analysts at BMO Capital Markets downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in late October. As of September 22, 2023, Wolfe Research has initiated its “an Outperform” rating for RYAN. Earlier on September 19, 2023, JMP Securities initiated its rating. Their recommendation was “a Mkt perform” for RYAN stock.
Analyzing RYAN Stock Performance
During the last five days, there has been a drop of approximately -2.78%. Over the course of the year, Ryan Specialty Holdings Inc shares have jumped approximately 17.61%. Shares of the company reached a 52-week high of $56.51 on 03/21/24 and a 52-week low of $41.65 on 01/09/24. A 50-day SMA is recorded $50.38, while a 200-day SMA reached $46.61. Nevertheless, trading volume fell to 0.65 million shares from 0.79 million shares the previous day.
Support And Resistance Levels for Ryan Specialty Holdings Inc (RYAN)
According to the 24-hour chart, there is a support level at 50.07, which, if violated, would cause prices to drop to 49.75. In the upper region, resistance lies at 50.96. The next price resistance is at 51.53. RSI (Relative Strength Index) is 35.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.07, which suggests the price will decrease in the coming days. Percent R is at 99.08%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Ryan Specialty Holdings Inc subject to short interest?
Stocks of Ryan Specialty Holdings Inc saw a sharp steep in short interest on Mar 15, 2024 dropping by -0.75 million shares to 5.21 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 5.96 million shares. A decline of -14.4% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 5.83 of the overall float, the days-to-cover ratio (short ratio) decline to 5.83.
