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RB Global Inc [RBA] Insider Selling: Time to sell?

RB Global Inc’s filing revealed that its Chief Legal Officer Watt Darren Jeffrey unloaded Company’s shares for reported $0.18 million on Mar 01 ’24. In the deal valued at $76.97 per share,2,300 shares were sold. As a result of this transaction, Watt Darren Jeffrey now holds 21,103 shares worth roughly $1.51 million.

Then, JETER JAMES J sold 11,416 shares, generating $871,269 in total proceeds. Upon selling the shares at $76.32, the Chief Revenue Officer now owns 30,915 shares.

Before that, CONCORS BARON sold 42,919 shares. RB Global Inc shares valued at $3,289,312 were divested by the Chief Product & Tech. Officer at a price of $76.64 per share. As a result of the transaction, CONCORS BARON now holds 18,513 shares, worth roughly $1.33 million.

Raymond James upgraded its RB Global Inc [RBA] rating to an Outperform from a a Mkt perform in a research note published on July 20, 2023; the price target was increased to $75 from $60. A number of analysts have revised their coverage, including National Bank Financial’s analysts, who increased its forecast for the stock in mid May from “a Sector perform” to “an Outperform”. Scotiabank also remained covering RBA and has increased its forecast on December 05, 2022 with a “Sector outperform” recommendation from previously “Sector perform” rating. Northcoast revised its rating on November 14, 2022. It rated RBA as “a Buy” which previously was an “a Neutral”.

Price Performance Review of RBA

On Tuesday, RB Global Inc [NYSE:RBA] saw its stock fall -2.89% to $71.58. Over the last five days, the stock has lost -2.27%. RB Global Inc shares have risen nearly 7.01% since the year began. Nevertheless, the stocks have risen 25.16% over the past one year. While a 52-week high of $77.99 was reached on 02/26/24, a 52-week low of $51.07 was recorded on 01/25/24. SMA at 50 days reached $74.60, while 200 days put it at $66.37. A total of 0.76 million shares were traded, compared to the trading of 0.4 million shares in the previous session.

Levels Of Support And Resistance For RBA Stock

The 24-hour chart illustrates a support level at 70.90, which if violated will result in even more drops to 70.22. On the upside, there is a resistance level at 72.84. A further resistance level may holdings at 74.10. The Relative Strength Index (RSI) on the 14-day chart is 34.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.98%. Stochastics %K at 43.28% indicates the stock is a holding.

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