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Selling Buzz: RBC Bearings Inc. [RBC] Director Kaplan Steven H. sells 400 shares of the company

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. RBC Bearings Inc. shares valued at $111,090 were sold by Kaplan Steven H. on Jun 13 ’24. At $277.73 per share, Kaplan Steven H. sold 400 shares. The insider’s holdings dropped to 2,593 shares worth approximately $0.7 million following the completion of this transaction.

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Also, Ambrose Michael H. sold 600 shares, netting a total of over 167,495 in proceeds. Following the sale of shares at $279.16 each, the insider now holds 6,728 shares.

Before that, Kaplan Steven H. had sold 500 shares from its account. In a trade valued at $139,385, the Director traded RBC Bearings Inc. shares for $278.77 each. Upon closing the transaction, the insider’s holdings decreased to 500 shares, worth approximately $0.81 million.

As published in their initiating research note from Raymond James on June 28, 2024, RBC Bearings Inc. [RBC] has been a Mkt perform. As of November 29, 2023, BofA Securities has increased its “an Underperform” rating to a “Buy” for RBC. Earlier on August 09, 2023, Alembic Global Advisors upgraded its rating. Their new recommendation was “an Overweight” for RBC stock which previously was a “a Neutral”.

Analyzing RBC Stock Performance

During the last five days, there has been a surge of approximately 0.27%. Over the course of the year, RBC Bearings Inc. shares have dropped approximately -5.41%. Shares of the company reached a 52-week high of $299.24 on 06/03/24 and a 52-week low of $240.36 on 02/08/24. A 50-day SMA is recorded $272.38, while a 200-day SMA reached $260.04. Nevertheless, trading volume fell to 96289.0 shares from 0.18 million shares the previous day.

Support And Resistance Levels for RBC Bearings Inc. (RBC)

According to the 24-hour chart, there is a support level at 270.98, which, if violated, would cause prices to drop to 268.01. In the upper region, resistance lies at 275.54. The next price resistance is at 277.13. RSI (Relative Strength Index) is 43.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.74, which suggests the price will decrease in the coming days. Percent R is at 41.95%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.

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