Rubicon Technologies Inc’s filing revealed that its Former 10% Owner Palantir Technologies Inc. unloaded Company’s shares for reported $6972.0 on Apr 24 ’24. In the deal valued at $0.37 per share,18,621 shares were sold. As a result of this transaction, Palantir Technologies Inc. now holds 5,233,625 shares worth roughly $1.83 million.
Then, Palantir Technologies Inc. sold 18,471 shares, generating $6,792 in total proceeds. Upon selling the shares at $0.37, the Former 10% Owner now owns 5,252,246 shares.
Before that, Palantir Technologies Inc. sold 3,200 shares. Rubicon Technologies Inc shares valued at $1,089 were divested by the Former 10% Owner at a price of $0.34 per share. As a result of the transaction, Palantir Technologies Inc. now holds 5,270,717 shares, worth roughly $1.84 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 Monday, Rubicon Technologies Inc [NYSE:RBT] saw its stock fall -2.23% to $0.35. Over the last five days, the stock has lost -29.16%. Rubicon Technologies Inc shares have fallen nearly -81.25% since the year began. Nevertheless, the stocks have fallen -90.89% 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 $0.4903, while 200 days put it at $2.2374. A total of 1.33 million shares were traded, compared to the trading of 0.3 million shares in the previous session.
Levels Of Support And Resistance For RBT Stock
The 24-hour chart illustrates a support level at 0.3300, which if violated will result in even more drops to 0.3130. On the upside, there is a resistance level at 0.3759. A further resistance level may holdings at 0.4048. The Relative Strength Index (RSI) on the 14-day chart is 39.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0164, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.14%. Stochastics %K at 27.73% indicates the stock is a holding.
