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Ryan Specialty Holdings Inc (RYAN) gets rating Initiated from BofA Securities

NUE

In a filing, Ryan Specialty Holdings Inc revealed its Director BOLGER DAVID P unloaded Company’s shares for reported $0.47 million on Nov 13 ’23. In the deal valued at $44.58 per share,10,580 shares were sold. As a result of this transaction, BOLGER DAVID P now holds 85,204 shares worth roughly $4.68 million.

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Then, CORTEZI NICHOLAS DOMINIC sold 4,283 shares, generating $191,353 in total proceeds. Upon selling the shares at $44.68, the Director now owns 0 shares.

Before that, CORTEZI NICHOLAS DOMINIC sold 25,000 shares. Ryan Specialty Holdings Inc shares valued at $1,126,362 were divested by the Director at a price of $45.05 per share. As a result of the transaction, CORTEZI NICHOLAS DOMINIC now holds 0 shares, worth roughly $0.0.

BofA Securities initiated its Ryan Specialty Holdings Inc [RYAN] rating to a Buy in a research note published on May 22, 2024; the price target was $67. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who decreased its forecast for the stock in early May from “an Outperform” to “a Peer perform”. Goldman also remained covering RYAN and has decreased its forecast on November 20, 2023 with a “Neutral” recommendation from previously “Buy” rating. BMO Capital Markets revised its rating on October 30, 2023. It rated RYAN as “a Market perform” which previously was an “an Outperform”.

Price Performance Review of RYAN

On Friday, Ryan Specialty Holdings Inc [NYSE:RYAN] saw its stock jump 0.51% to $54.96. Over the last five days, the stock has gained 1.42%. Ryan Specialty Holdings Inc shares have risen nearly 28.30% since the year began. Nevertheless, the stocks have risen 35.18% over the past one year. While a 52-week high of $56.51 was reached on 03/21/24, a 52-week low of $39.27 was recorded on 01/09/24. SMA at 50 days reached $52.79, while 200 days put it at $47.77. A total of 0.28 million shares were traded, compared to the trading of 0.57 million shares in the previous session.

Levels Of Support And Resistance For RYAN Stock

The 24-hour chart illustrates a support level at 54.51, which if violated will result in even more drops to 54.05. On the upside, there is a resistance level at 55.34. A further resistance level may holdings at 55.71. The Relative Strength Index (RSI) on the 14-day chart is 62.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.21, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 24.13%. Stochastics %K at 82.10% indicates the stock is a selling.

The most recent change occurred on September 22, 2023 when Wolfe Research began covering the stock and recommended ‘”an Outperform”‘ rating along with a $59 price target.

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