In a filing, Rambus Inc. revealed its Director STANG ERIC B unloaded Company’s shares for reported $0.34 million on May 08 ’24. In the deal valued at $55.85 per share,6,000 shares were sold. As a result of this transaction, STANG ERIC B now holds 26,422 shares worth roughly $1.09 million.
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Then, STANG ERIC B sold 5,408 shares, generating $307,986 in total proceeds. Upon selling the shares at $56.95, the Director now owns 32,422 shares.
Before that, Seraphin Luc sold 5,530 shares. Rambus Inc. shares valued at $324,390 were divested by the President and CEO at a price of $58.66 per share. As a result of the transaction, Seraphin Luc now holds 262,791 shares, worth roughly $10.86 million.
Jefferies upgraded its Rambus Inc. [RMBS] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in mid May from “a Buy” to “a Hold”. Rosenblatt began covering RMBS with “Buy” recommendation on October 14, 2021. Susquehanna started covering the stock on April 30, 2021. It rated RMBS as “a Positive”.
Price Performance Review of RMBS
On Monday, Rambus Inc. [NASDAQ:RMBS] saw its stock fall -1.85% to $41.32. Over the last five days, the stock has lost -25.99%. Rambus Inc. shares have fallen nearly -39.46% since the year began. Nevertheless, the stocks have fallen -22.94% over the past one year. While a 52-week high of $76.38 was reached on 01/22/24, a 52-week low of $41.16 was recorded on 08/05/24. SMA at 50 days reached $57.11, while 200 days put it at $60.72. A total of 2.22 million shares were traded, compared to the trading of 3.24 million shares in the previous session.
Levels Of Support And Resistance For RMBS Stock
The 24-hour chart illustrates a support level at 39.26, which if violated will result in even more drops to 37.21. On the upside, there is a resistance level at 43.02. A further resistance level may holdings at 44.72. The Relative Strength Index (RSI) on the 14-day chart is 28.36, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -11.74, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.49%. Stochastics%K at 5.26% indicates the stock is a buying.
The most recent change occurred on May 15, 2019 when Wells Fargo began covering the stock and recommended ‘”an Outperform”‘ rating.
