Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Rambus Inc. shares valued at $324,390 were sold by Seraphin Luc on Apr 16 ’24. At $58.66 per share, Seraphin Luc sold 5,530 shares. The insider’s holdings dropped to 262,791 shares worth approximately $15.04 million following the completion of this transaction.
Also, Seraphin Luc sold 15,000 shares, netting a total of over 920,278 in proceeds. Following the sale of shares at $61.35 each, the insider now holds 268,321 shares.
Before that, Seraphin Luc had sold 15,000 shares from its account. In a trade valued at $899,018, the President and CEO traded Rambus Inc. shares for $59.93 each. Upon closing the transaction, the insider’s holdings decreased to 15,000 shares, worth approximately $16.22 million.
As published in a research note from Jefferies on May 18, 2023, Rambus Inc. [RMBS] has been rated up from a Hold to a Buy. Analysts at Jefferies downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid May. As of October 14, 2021, Rosenblatt has initiated its “Buy” rating for RMBS. Earlier on April 30, 2021, Susquehanna initiated its rating. Their recommendation was “a Positive” for RMBS stock.
Analyzing RMBS Stock Performance
During the last five days, there has been a drop of approximately -4.18%. Over the course of the year, Rambus Inc. shares have dropped approximately -16.12%. Shares of the company reached a 52-week high of $76.38 on 01/22/24 and a 52-week low of $53.11 on 02/07/24. A 50-day SMA is recorded $59.83, while a 200-day SMA reached $60.70. Nevertheless, trading volume fell to 1.3 million shares from 1.0 million shares the previous day.
Support And Resistance Levels for Rambus Inc. (RMBS)
According to the 24-hour chart, there is a support level at 56.44, which, if violated, would cause prices to drop to 55.64. In the upper region, resistance lies at 58.52. The next price resistance is at 59.80. RSI (Relative Strength Index) is 41.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.80, which suggests the price will decrease in the coming days. Percent R is at 94.83%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
