Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Republic Services, Inc. shares valued at $100,040 were purchased by Weymouth Katharine on Jun 04 ’24. At $185.26 per share, Weymouth Katharine acquired 540 shares. The insider’s holdings grew to 540 shares worth approximately $0.11 million following the completion of this transaction.
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Also, Volpe Sandra M purchased 79 shares, netting a total of over 14,803 in proceeds. Following the buying of shares at $187.38 each, the insider now holds 179 shares.
Before that, Hodges Amanda had sold 6,500 shares from its account. In a trade valued at $1,209,130, the EVP, Chief Marketing Officer traded Republic Services, Inc. shares for $186.02 each. Upon closing the transaction, the insider’s holdings decreased to 6,500 shares, worth approximately $1.33 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 surge of approximately 1.56%. Over the course of the year, Republic Services, Inc. shares have jumped approximately 18.14%. 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 $188.63, while a 200-day SMA reached $171.78. Nevertheless, trading volume fell to 0.67 million shares from 1.5 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 194.19, which, if violated, would cause prices to drop to 193.57. In the upper region, resistance lies at 195.41. The next price resistance is at 196.00. RSI (Relative Strength Index) is 70.12 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.76, which suggests the price will increase in the coming days. Percent R is at 5.34%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
