In a filing, Ribbon Communications Inc revealed its Director GRAYSON BRUNS H acquired Company’s shares for reported $0.29 million on Mar 15 ’24. In the deal valued at $2.89 per share,100,000 shares were bought. As a result of this transaction, GRAYSON BRUNS H now holds 590,175 shares worth roughly $1.85 million.
Then, LOPEZ MIGUEL A bought 2,000 shares, generating $5,798 in total proceeds. Upon buying the shares at $2.90, the EVP, CFO now owns 280,875 shares.
Before that, LOPEZ MIGUEL A bought 1,000 shares. Ribbon Communications Inc shares valued at $2,979 were divested by the EVP, CFO at a price of $2.98 per share. As a result of the transaction, LOPEZ MIGUEL A now holds 278,875 shares, worth roughly $0.87 million.
Craig Hallum initiated its Ribbon Communications Inc [RBBN] rating to a Buy in a research note published on July 19, 2023; the price target was $5.50. A number of analysts have revised their coverage, including JMP Securities’s analysts, who began to cover the stock in early April with a ‘”a Mkt outperform”‘ rating. B. Riley Securities started covering the stock on January 26, 2021. It rated RBBN as “a Buy”.
Price Performance Review of RBBN
On Friday, Ribbon Communications Inc [NASDAQ:RBBN] saw its stock fall -3.40% to $3.13. Over the last five days, the stock has gained 21.79%. Ribbon Communications Inc shares have risen nearly 7.93% since the year began. Nevertheless, the stocks have risen 36.09% over the past one year. While a 52-week high of $3.65 was reached on 02/15/24, a 52-week low of $1.78 was recorded on 04/22/24. SMA at 50 days reached $2.98, while 200 days put it at $2.75. A total of 0.59 million shares were traded, compared to the trading of 2.79 million shares in the previous session.
Levels Of Support And Resistance For RBBN Stock
The 24-hour chart illustrates a support level at 3.07, which if violated will result in even more drops to 3.01. On the upside, there is a resistance level at 3.22. A further resistance level may holdings at 3.31. The Relative Strength Index (RSI) on the 14-day chart is 59.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.36%. Stochastics %K at 70.74% indicates the stock is a holding.
