The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. RB Global Inc shares valued at $177,031 were sold by Watt Darren Jeffrey on Mar 01 ’24. At $76.97 per share, Watt Darren Jeffrey sold 2,300 shares. The insider’s holdings dropped to 21,103 shares worth approximately $1.53 million following the completion of this transaction.
Also, JETER JAMES J sold 11,416 shares, netting a total of over 871,269 in proceeds. Following the sale of shares at $76.32 each, the insider now holds 30,915 shares.
Before that, CONCORS BARON had sold 42,919 shares from its account. In a trade valued at $3,289,312, the Chief Product & Tech. Officer traded RB Global Inc shares for $76.64 each. Upon closing the transaction, the insider’s holdings decreased to 42,919 shares, worth approximately $1.34 million.
As published in a research note from Raymond James on July 20, 2023, RB Global Inc [RBA] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $75 from $60. Analysts at National Bank Financial upgraded the stock from ‘”a Sector perform”‘ to ‘”an Outperform”‘ outlook in a report released in mid May. As of December 05, 2022, Scotiabank has increased its “Sector perform” rating to a “Sector outperform” for RBA. Earlier on November 14, 2022, Northcoast upgraded its rating. Their new recommendation was “a Buy” for RBA stock which previously was a “a Neutral”.
Analyzing RBA Stock Performance
During the last five days, there has been a drop of approximately -1.13%. Over the course of the year, RB Global Inc shares have jumped approximately 8.37%. Shares of the company reached a 52-week high of $77.99 on 02/26/24 and a 52-week low of $60.84 on 01/25/24. A 50-day SMA is recorded $73.83, while a 200-day SMA reached $65.86. Nevertheless, trading volume fell to 0.52 million shares from 0.58 million shares the previous day.
Support And Resistance Levels for RB Global Inc (RBA)
According to the 24-hour chart, there is a support level at 71.88, which, if violated, would cause prices to drop to 71.26. In the upper region, resistance lies at 73.32. The next price resistance is at 74.14. RSI (Relative Strength Index) is 36.43 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.31, which suggests the price will decrease in the coming days. Percent R is at 91.62%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
