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Resources Connection Inc [RGP] Stock bought by Insider MURRAY DONALD B for $2.82 million

Resources Connection Inc’s recently made public that its Officer MURRAY DONALD B acquired Company’s shares for reported $2.82 million on Aug 29 ’24. In the deal valued at $10.18 per share,277,014 shares were bought.

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Then, MURRAY DONALD B bought 250,000 shares, generating $2,545,000 in total proceeds.

Before that, MURRAY DONALD B bought 198,154 shares. Resources Connection Inc shares valued at $1,981,540 were divested by the Officer at a price of $10.00 per share.

BofA Securities upgraded its Resources Connection Inc [RGP] rating to a Neutral from a an Underperform in a research note published on November 15, 2022; the price target was increased to $58 from $49. A number of analysts have revised their coverage, including Sidoti’s analysts, who began to cover the stock in mid June with a ‘”a Buy”‘ rating.

Price Performance Review of RGP

On Friday, Resources Connection Inc [NASDAQ:RGP] saw its stock fall -2.26% to $9.94. Over the last five days, the stock has lost -0.70%. Resources Connection Inc shares have fallen nearly -29.85% since the year began. Nevertheless, the stocks have fallen -33.64% over the past one year. While a 52-week high of $15.44 was reached on 01/04/24, a 52-week low of $9.44 was recorded on 09/09/24. SMA at 50 days reached $10.45, while 200 days put it at $11.91.

Levels Of Support And Resistance For RGP Stock

The 24-hour chart illustrates a support level at 9.84, which if violated will result in even more drops to 9.73. On the upside, there is a resistance level at 10.13. A further resistance level may holdings at 10.31. The Relative Strength Index (RSI) on the 14-day chart is 45.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.98%. Stochastics %K at 59.25% indicates the stock is a holding.

How much short interest is there in Resources Connection Inc?

A steep rise in short interest was recorded in Resources Connection Inc stocks on 2024-08-30, dropping by 46862.0 shares to a total of 1.1 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 1.14 million shares. There was a decline of -4.27%, which implies that there is a negative sentiment for the stock.

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