In a filing, Ryerson Holding Corp. revealed its Chief Operating Officer Burbach Michael acquired Company’s shares for reported $95000.0 on May 02 ’24. In the deal valued at $23.75 per share,4,000 shares were bought. As a result of this transaction, Burbach Michael now holds 226,263 shares worth roughly $5.17 million.
Then, Sundarrajan Alagu sold 2,593 shares, generating $84,324 in total proceeds. Upon selling the shares at $32.52, the Chief Information Officer now owns 10,484 shares.
Before that, Sundarrajan Alagu sold 7,407 shares. Ryerson Holding Corp. shares valued at $242,753 were divested by the Chief Information Officer at a price of $32.77 per share. As a result of the transaction, Sundarrajan Alagu now holds 13,077 shares, worth roughly $0.3 million.
BMO Capital Markets downgraded its Ryerson Holding Corp. [RYI] rating to a Market perform from a an Outperform in a research note published recently. Deutsche Bank also remained covering RYI and has decreased its forecast on April 10, 2019 with a “Hold” recommendation from previously “Buy” rating. Deutsche Bank revised its rating on November 05, 2018. It rated RYI as “a Buy” which previously was an “a Hold”.
Price Performance Review of RYI
On Friday, Ryerson Holding Corp. [NYSE:RYI] saw its stock fall -1.93% to $22.84. Over the last five days, the stock has lost -25.51%. Ryerson Holding Corp. shares have fallen nearly -34.14% since the year began. Nevertheless, the stocks have fallen -39.82% over the past one year. While a 52-week high of $44.70 was reached on 02/16/24, a 52-week low of $22.98 was recorded on 05/03/24. SMA at 50 days reached $31.52, while 200 days put it at $31.46. A total of 0.67 million shares were traded, compared to the trading of 0.63 million shares in the previous session.
Levels Of Support And Resistance For RYI Stock
The 24-hour chart illustrates a support level at 22.20, which if violated will result in even more drops to 21.56. On the upside, there is a resistance level at 23.60. A further resistance level may holdings at 24.36. The Relative Strength Index (RSI) on the 14-day chart is 13.05, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.16%. Stochastics %K at 8.12% indicates the stock is a buying.
