Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. RPM International, Inc. shares valued at $657,806 were sold by Ratajczak Matthew T on Feb 15 ’24. At $109.63 per share, Ratajczak Matthew T sold 6,000 shares. The insider’s holdings dropped to 23,451 shares worth approximately $2.52 million following the completion of this transaction.
Also, Nance Frederick R. sold 1,835 shares, netting a total of over 200,114 in proceeds. Following the sale of shares at $109.05 each, the insider now holds 8,180 shares.
Before that, Kinser Timothy R. had sold 2,380 shares from its account. In a trade valued at $254,660, the VP-Operations traded RPM International, Inc. shares for $107.00 each. Upon closing the transaction, the insider’s holdings decreased to 2,380 shares, worth approximately $2.23 million.
As published in their initiating research note from Mizuho on January 12, 2024, RPM International, Inc. [RPM] has been a Buy and the price target has been revised to $128. Analysts at Deutsche Bank upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late July. As of June 05, 2023, Deutsche Bank has initiated its “Hold” rating for RPM. Earlier on December 14, 2022, KeyBanc Capital Markets initiated its rating. Their recommendation was “a Sector weight” for RPM stock.
Analyzing RPM Stock Performance
During the last five days, there has been a drop of approximately -2.22%. Over the course of the year, RPM International, Inc. shares have dropped approximately -3.81%. Shares of the company reached a 52-week high of $120.74 on 03/28/24 and a 52-week low of $100.82 on 01/04/24. A 50-day SMA is recorded $113.50, while a 200-day SMA reached $103.82. Nevertheless, trading volume fell to 0.54 million shares from 0.42 million shares the previous day.
Support And Resistance Levels for RPM International, Inc. (RPM)
According to the 24-hour chart, there is a support level at 106.76, which, if violated, would cause prices to drop to 106.14. In the upper region, resistance lies at 108.21. The next price resistance is at 109.04. RSI (Relative Strength Index) is 30.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.20, which suggests the price will decrease in the coming days. Percent R is at 95.14%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
