Rambus Inc.’s filing revealed that its President and CEO Seraphin Luc unloaded Company’s shares for reported $0.92 million on Apr 09 ’24. In the deal valued at $61.35 per share,15,000 shares were sold. As a result of this transaction, Seraphin Luc now holds 268,321 shares worth roughly $16.14 million.
Then, Seraphin Luc sold 15,000 shares, generating $899,018 in total proceeds. Upon selling the shares at $59.93, the President and CEO now owns 283,321 shares.
Before that, Seraphin Luc sold 15,000 shares. Rambus Inc. shares valued at $940,371 were divested by the President and CEO at a price of $62.69 per share. As a result of the transaction, Seraphin Luc now holds 259,755 shares, worth roughly $15.62 million.
Jefferies upgraded its Rambus Inc. [RMBS] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in mid May from “a Buy” to “a Hold”. Rosenblatt began covering RMBS with “Buy” recommendation on October 14, 2021. Susquehanna started covering the stock on April 30, 2021. It rated RMBS as “a Positive”.
Price Performance Review of RMBS
On Friday, Rambus Inc. [NASDAQ:RMBS] saw its stock fall -3.51% to $60.14. Over the last five days, the stock has gained 0.13%. Rambus Inc. shares have fallen nearly -11.88% since the year began. Nevertheless, the stocks have risen 21.23% over the past one year. While a 52-week high of $76.38 was reached on 01/22/24, a 52-week low of $43.58 was recorded on 02/07/24. SMA at 50 days reached $60.44, while 200 days put it at $60.76. A total of 1.47 million shares were traded, compared to the trading of 0.95 million shares in the previous session.
Levels Of Support And Resistance For RMBS Stock
The 24-hour chart illustrates a support level at 59.45, which if violated will result in even more drops to 58.75. On the upside, there is a resistance level at 61.39. A further resistance level may holdings at 62.63. The Relative Strength Index (RSI) on the 14-day chart is 47.50, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.82%. Stochastics %K at 38.12% indicates the stock is a holding.
The most recent change occurred on May 15, 2019 when Wells Fargo began covering the stock and recommended ‘”an Outperform”‘ rating.
