KD Logo

Reliance Inc. [RS] Records 50-Day SMA of $291.02

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Reliance Inc. shares valued at $6,031,905 were sold by Koch Stephen Paul on May 31 ’24. At $295.38 per share, Koch Stephen Paul sold 20,421 shares. The insider’s holdings dropped to 7,552 shares worth approximately $2.13 million following the completion of this transaction.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Also, HOFFMAN JAMES DONALD sold 5,000 shares, netting a total of over 1,471,797 in proceeds. Following the sale of shares at $294.36 each, the insider now holds 34,042 shares.

Before that, HOFFMAN JAMES DONALD had sold 5,000 shares from its account. In a trade valued at $1,463,827, the Director traded Reliance Inc. shares for $292.77 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $11.0 million.

As published in a research note from Citigroup on April 11, 2024, Reliance Inc. [RS] has been rated down from a Buy to a Neutral and the price target has been revised to $380. Analysts at Wolfe Research downgraded the stock from ‘”an Outperform”‘ to ‘”a Peer perform”‘ outlook in a report released in late April. Earlier on October 06, 2022, Goldman downgraded its rating. Their new recommendation was “a Neutral” for RS stock which previously was a “a Buy”.

Analyzing RS Stock Performance

During the last five days, there has been a drop of approximately -0.37%. Over the course of the year, Reliance Inc. shares have jumped approximately 0.71%. Shares of the company reached a 52-week high of $342.20 on 04/08/24 and a 52-week low of $273.88 on 01/05/24. A 50-day SMA is recorded $291.02, while a 200-day SMA reached $288.74. Nevertheless, trading volume fell to 0.27 million shares from 0.47 million shares the previous day.

Support And Resistance Levels for Reliance Inc. (RS)

According to the 24-hour chart, there is a support level at 280.88, which, if violated, would cause prices to drop to 279.51. In the upper region, resistance lies at 284.48. The next price resistance is at 286.71. RSI (Relative Strength Index) is 43.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.02, which suggests the price will decrease in the coming days. Percent R is at 44.61%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.

Most Popular