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Regal Rexnord Corp (RRX) gets rating Upgrade from Wolfe Research

Regal Rexnord Corp’s recent filing unveils that its EVP, General Counsel & Sec.* Valentyn Thomas E unloaded Company’s shares for reported $0.11 million on Feb 27 ’24. In the deal valued at $169.70 per share,647 shares were sold. As a result of this transaction, Valentyn Thomas E now holds 28,412 shares worth roughly $4.61 million.

Then, Valentyn Thomas E sold 1,931 shares, generating $320,720 in total proceeds. Upon selling the shares at $166.09, the EVP, General Counsel & Sec.* now owns 27,180 shares.

Before that, Valentyn Thomas E sold 4,124 shares. Regal Rexnord Corp shares valued at $637,975 were divested by the EVP, General Counsel & Sec.* at a price of $154.70 per share. As a result of the transaction, Valentyn Thomas E now holds 27,180 shares, worth roughly $4.41 million.

Wolfe Research upgraded its Regal Rexnord Corp [RRX] rating to an Outperform from a a Peer perform in a research note published recently. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who decreased its forecast for the stock in early December from “an Outperform” to “a Peer perform”.

Price Performance Review of RRX

On Tuesday, Regal Rexnord Corp [NYSE:RRX] saw its stock jump 0.02% to $162.30. Over the last five days, the stock has gained 3.25%. Regal Rexnord Corp shares have risen nearly 9.65% since the year began. Nevertheless, the stocks have risen 28.10% over the past one year. While a 52-week high of $183.85 was reached on 03/21/24, a 52-week low of $97.18 was recorded on 01/17/24. SMA at 50 days reached $168.49, while 200 days put it at $147.66. A total of 0.28 million shares were traded, compared to the trading of 0.31 million shares in the previous session.

Levels Of Support And Resistance For RRX Stock

The 24-hour chart illustrates a support level at 160.27, which if violated will result in even more drops to 158.23. On the upside, there is a resistance level at 163.99. A further resistance level may holdings at 165.67. The Relative Strength Index (RSI) on the 14-day chart is 47.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.52%. Stochastics %K at 58.25% indicates the stock is a holding.

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