Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Rubicon Technologies Inc shares valued at $6,972 were sold by Palantir Technologies Inc. on Apr 24 ’24. At $0.37 per share, Palantir Technologies Inc. sold 18,621 shares. The insider’s holdings dropped to 5,233,625 shares worth approximately $1.94 million following the completion of this transaction.
Also, Palantir Technologies Inc. sold 18,471 shares, netting a total of over 6,792 in proceeds. Following the sale of shares at $0.37 each, the insider now holds 5,252,246 shares.
Before that, Palantir Technologies Inc. had sold 3,200 shares from its account. In a trade valued at $1,089, the Former 10% Owner traded Rubicon Technologies Inc shares for $0.34 each. Upon closing the transaction, the insider’s holdings decreased to 3,200 shares, worth approximately $1.95 million.
As published in their initiating research note from Cantor Fitzgerald on September 30, 2022, Rubicon Technologies Inc [RBT] has been an Overweight and the price target has been revised to $5. Analysts at Jefferies started covering the stock with ‘”a Buy”‘ outlook in a report released in mid September. As of September 09, 2022, Canaccord Genuity has initiated its “Buy” rating for RBT.
Analyzing RBT Stock Performance
During the last five days, there has been a drop of approximately -0.91%. Over the course of the year, Rubicon Technologies Inc shares have dropped approximately -80.00%. Shares of the company reached a 52-week high of $1.9500 on 01/02/24 and a 52-week low of $0.2900 on 04/16/24. A 50-day SMA is recorded $0.5211, while a 200-day SMA reached $2.3031. Nevertheless, trading volume fell to 0.53 million shares from 0.27 million shares the previous day.
Support And Resistance Levels for Rubicon Technologies Inc (RBT)
According to the 24-hour chart, there is a support level at 0.3424, which, if violated, would cause prices to drop to 0.3148. In the upper region, resistance lies at 0.4099. The next price resistance is at 0.4498. RSI (Relative Strength Index) is 42.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0562, which suggests the price will decrease in the coming days. Percent R is at 65.20%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
