Rambus Inc.’s recent filing unveils that 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 $1.24 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 $12.34 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 jump 1.40% to $46.97. Over the last five days, the stock has gained 9.67%. Rambus Inc. shares have fallen nearly -31.18% since the year began. Nevertheless, the stocks have fallen -8.01% over the past one year. While a 52-week high of $76.38 was reached on 01/22/24, a 52-week low of $38.91 was recorded on 08/05/24. SMA at 50 days reached $54.76, while 200 days put it at $60.23.
Levels Of Support And Resistance For RMBS Stock
The 24-hour chart illustrates a support level at 45.97, which if violated will result in even more drops to 44.96. On the upside, there is a resistance level at 47.57. A further resistance level may holdings at 48.16. The Relative Strength Index (RSI) on the 14-day chart is 44.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.52, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 36.88%. Stochastics%K at 50.89% indicates the stock is a holding.
How much short interest is there in Rambus Inc.?
A steep rise in short interest was recorded in Rambus Inc. stocks on 2024-07-31, dropping by -1.03 million shares to a total of 2.79 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 3.81 million shares. There was a decline of -36.83%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 15, 2019 when Wells Fargo began covering the stock and recommended ‘”an Outperform”‘ rating.
