Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Republic Services, Inc. shares valued at $14,803 were purchased by Volpe Sandra M on May 15 ’24. At $187.38 per share, Volpe Sandra M acquired 79 shares. The insider’s holdings grew to 179 shares worth approximately $32590.53 following the completion of this transaction.
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Also, Hodges Amanda sold 6,500 shares, netting a total of over 1,209,130 in proceeds. Following the sale of shares at $186.02 each, the insider now holds 6,831 shares.
Before that, Vander Ark Jon had sold 5,446 shares from its account. In a trade valued at $1,002,609, the CEO and President traded Republic Services, Inc. shares for $184.10 each. Upon closing the transaction, the insider’s holdings decreased to 5,446 shares, worth approximately $15.5 million.
As published in their initiating research note from Deutsche Bank on May 23, 2024, Republic Services, Inc. [RSG] has been a Hold and the price target has been revised to $203. As of April 08, 2024, Scotiabank has initiated its “Sector perform” rating for RSG. Earlier on March 15, 2024, Morgan Stanley downgraded its rating. Their new recommendation was “an Equal-weight” for RSG stock which previously was a “an Overweight”.
Analyzing RSG Stock Performance
During the last five days, there has been a drop of approximately -2.52%. Over the course of the year, Republic Services, Inc. shares have jumped approximately 10.41%. Shares of the company reached a 52-week high of $196.76 on 04/30/24 and a 52-week low of $162.27 on 01/08/24. A 50-day SMA is recorded $188.40, while a 200-day SMA reached $167.62. Nevertheless, trading volume fell to 1.21 million shares from 0.79 million shares the previous day.
Support And Resistance Levels for Republic Services, Inc. (RSG)
According to the 24-hour chart, there is a support level at 181.06, which, if violated, would cause prices to drop to 180.05. In the upper region, resistance lies at 182.93. The next price resistance is at 183.80. RSI (Relative Strength Index) is 34.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.84, which suggests the price will decrease in the coming days. Percent R is at 87.12%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
