Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. RB Global Inc shares valued at $647,280 were sold by KESSLER JAMES FRANCIS on Jun 18 ’24. At $80.91 per share, KESSLER JAMES FRANCIS sold 8,000 shares. The insider’s holdings dropped to 78,104 shares worth approximately $6.14 million following the completion of this transaction.
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Also, Watt Darren Jeffrey sold 3,637 shares, netting a total of over 293,365 in proceeds. Following the sale of shares at $80.66 each, the insider now holds 17,279 shares.
Before that, JETER JAMES J had sold 5,000 shares from its account. In a trade valued at $380,700, the Chief Revenue Officer traded RB Global Inc shares for $76.14 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $1.83 million.
As published in their initiating research note from CIBC on June 18, 2024, RB Global Inc [RBA] has been a Sector outperform. Analysts at Raymond James upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in mid July. As of May 18, 2023, National Bank Financial has increased its “Sector perform” rating to a “an Outperform” for RBA. Earlier on December 05, 2022, Scotiabank upgraded its rating. Their new recommendation was “a Sector outperform” for RBA stock which previously was a “a Sector perform”.
Analyzing RBA Stock Performance
During the last five days, there has been a drop of approximately -2.48%. Over the course of the year, RB Global Inc shares have jumped approximately 17.46%. Shares of the company reached a 52-week high of $81.87 on 07/18/24 and a 52-week low of $60.84 on 01/25/24. A 50-day SMA is recorded $77.15, while a 200-day SMA reached $70.66. Nevertheless, trading volume fell to 0.83 million shares from 0.64 million shares the previous day.
Support And Resistance Levels for RB Global Inc (RBA)
According to the 24-hour chart, there is a support level at 78.10, which, if violated, would cause prices to drop to 77.62. In the upper region, resistance lies at 79.45. The next price resistance is at 80.32. RSI (Relative Strength Index) is 50.20 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.18, which suggests the price will decrease in the coming days. Percent R is at 58.93%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
