Rubicon Technologies Inc’s filing revealed that its 10% Owner Palantir Technologies Inc. unloaded Company’s shares for reported $4143.0 on Apr 19 ’24. In the deal valued at $0.34 per share,12,086 shares were sold. As a result of this transaction, Palantir Technologies Inc. now holds 5,273,917 shares worth roughly $1.95 million.
Then, Palantir Technologies Inc. sold 16,140 shares, generating $5,283 in total proceeds. Upon selling the shares at $0.33, the 10% Owner now owns 5,286,003 shares.
Before that, Palantir Technologies Inc. sold 11,690 shares. Rubicon Technologies Inc shares valued at $3,771 were divested by the 10% Owner at a price of $0.32 per share. As a result of the transaction, Palantir Technologies Inc. now holds 5,302,143 shares, worth roughly $1.96 million.
Cantor Fitzgerald initiated its Rubicon Technologies Inc [RBT] rating to an Overweight in a research note published on September 30, 2022; the price target was $5. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in mid September with a ‘”a Buy”‘ rating. Canaccord Genuity began covering RBT with “Buy” recommendation on September 09, 2022.
Price Performance Review of RBT
On Tuesday, Rubicon Technologies Inc [NYSE:RBT] saw its stock jump 10.06% to $0.37. Over the last five days, the stock has gained 16.82%. Rubicon Technologies Inc shares have fallen nearly -80.14% since the year began. Nevertheless, the stocks have fallen -91.16% over the past one year. While a 52-week high of $13.84 was reached on 01/02/24, a 52-week low of $0.29 was recorded on 04/16/24. SMA at 50 days reached $0.5968, while 200 days put it at $2.3725. A total of 0.27 million shares were traded, compared to the trading of 99600.0 shares in the previous session.
Levels Of Support And Resistance For RBT Stock
The 24-hour chart illustrates a support level at 0.3393, which if violated will result in even more drops to 0.3110. On the upside, there is a resistance level at 0.3904. A further resistance level may holdings at 0.4132. The Relative Strength Index (RSI) on the 14-day chart is 38.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0090, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 35.42%. Stochastics %K at 44.89% indicates the stock is a holding.
