Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Rapid7 Inc shares valued at $1,214,930 were sold by Luconi Christina on Jun 05 ’24. At $35.95 per share, Luconi Christina sold 33,795 shares. The insider’s holdings dropped to 92,487 shares worth approximately $3.18 million following the completion of this transaction.
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Also, Burton Andrew F. sold 20,653 shares, netting a total of over 1,006,336 in proceeds. Following the sale of shares at $48.73 each, the insider now holds 236,841 shares.
Before that, Thomas Corey E. had sold 50,000 shares from its account. In a trade valued at $2,653,500, the CEO traded Rapid7 Inc shares for $53.07 each. Upon closing the transaction, the insider’s holdings decreased to 50,000 shares, worth approximately $15.89 million.
As published in a research note from Canaccord Genuity on August 07, 2024, Rapid7 Inc [RPD] has been rated up from a Hold to a Buy and the price target has been revised to $43 from $52. Analysts at Robert W. Baird downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in early August. As of April 26, 2024, Scotiabank has initiated its “Sector perform” rating for RPD. Earlier on January 29, 2024, UBS upgraded its rating. Their new recommendation was “a Buy” for RPD stock which previously was a “a Neutral”.
Analyzing RPD Stock Performance
During the last five days, there has been a surge of approximately 3.22%. Over the course of the year, Rapid7 Inc shares have dropped approximately -39.84%. Shares of the company reached a 52-week high of $61.88 on 02/12/24 and a 52-week low of $32.94 on 08/06/24. A 50-day SMA is recorded $37.17, while a 200-day SMA reached $46.08. Nevertheless, trading volume fell to 0.69 million shares from 0.47 million shares the previous day.
Support And Resistance Levels for Rapid7 Inc (RPD)
According to the 24-hour chart, there is a support level at 34.06, which, if violated, would cause prices to drop to 33.77. In the upper region, resistance lies at 34.82. The next price resistance is at 35.29. RSI (Relative Strength Index) is 41.58 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.79, which suggests the price will decrease in the coming days. Percent R is at 75.49%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
