RingCentral Inc.’s recent filing unveils that its DEPUTY CHIEF FINANCIAL OFFICER Agarwal Vaibhav unloaded Company’s shares for reported $68539.0 on Apr 01 ’24. In the deal valued at $34.55 per share,1,984 shares were sold. As a result of this transaction, Agarwal Vaibhav now holds 114,656 shares worth roughly $3.52 million.
Then, Agarwal Vaibhav sold 14,113 shares, generating $491,655 in total proceeds. Upon selling the shares at $34.84, the DEPUTY CHIEF FINANCIAL OFFICER now owns 116,640 shares.
Before that, GOLDMAN KENNETH A sold 1,286 shares. RingCentral Inc. shares valued at $46,368 were divested by the Director at a price of $36.06 per share. As a result of the transaction, GOLDMAN KENNETH A now holds 22,402 shares, worth roughly $0.69 million.
Wells Fargo downgraded its RingCentral Inc. [RNG] rating to an Equal weight from a an Overweight 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 December from “a Buy” to “a Hold”. Rosenblatt also remained covering RNG and has decreased its forecast on October 23, 2023 with a “Neutral” recommendation from previously “Buy” rating. Morgan Stanley revised its rating on August 08, 2023. It rated RNG as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of RNG
On Monday, RingCentral Inc. [NYSE:RNG] saw its stock fall -2.23% to $30.71. Over the last five days, the stock has lost -6.85%. RingCentral Inc. shares have fallen nearly -9.54% since the year began. Nevertheless, the stocks have risen 5.35% over the past one year. While a 52-week high of $43.28 was reached on 03/12/24, a 52-week low of $25.08 was recorded on 02/22/24. SMA at 50 days reached $33.42, while 200 days put it at $32.26. A total of 0.81 million shares were traded, compared to the trading of 0.94 million shares in the previous session.
Levels Of Support And Resistance For RNG Stock
The 24-hour chart illustrates a support level at 30.17, which if violated will result in even more drops to 29.63. On the upside, there is a resistance level at 31.54. A further resistance level may holdings at 32.36. The Relative Strength Index (RSI) on the 14-day chart is 34.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.95%. Stochastics %K at 6.90% indicates the stock is a buying.
