Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Rambus Inc. shares valued at $335,100 were sold by STANG ERIC B on May 08 ’24. At $55.85 per share, STANG ERIC B sold 6,000 shares. The insider’s holdings dropped to 26,422 shares worth approximately $1.06 million following the completion of this transaction.
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Also, STANG ERIC B sold 5,408 shares, netting a total of over 307,986 in proceeds. Following the sale of shares at $56.95 each, the insider now holds 32,422 shares.
Before that, Seraphin Luc had sold 5,530 shares from its account. In a trade valued at $324,390, the President and CEO traded Rambus Inc. shares for $58.66 each. Upon closing the transaction, the insider’s holdings decreased to 5,530 shares, worth approximately $10.57 million.
As published in a research note from Jefferies on May 18, 2023, Rambus Inc. [RMBS] has been rated up from a Hold to a Buy. Analysts at Jefferies downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid May. As of October 14, 2021, Rosenblatt has initiated its “Buy” rating for RMBS. Earlier on April 30, 2021, Susquehanna initiated its rating. Their recommendation was “a Positive” for RMBS stock.
Analyzing RMBS Stock Performance
During the last five days, there has been a drop of approximately -5.30%. Over the course of the year, Rambus Inc. shares have dropped approximately -41.07%. Shares of the company reached a 52-week high of $76.38 on 01/22/24 and a 52-week low of $37.42 on 09/06/24. A 50-day SMA is recorded $43.27, while a 200-day SMA reached $56.49. Nevertheless, trading volume fell to 1.03 million shares from 1.74 million shares the previous day.
Support And Resistance Levels for Rambus Inc. (RMBS)
According to the 24-hour chart, there is a support level at 39.65, which, if violated, would cause prices to drop to 39.09. In the upper region, resistance lies at 40.69. The next price resistance is at 41.17. RSI (Relative Strength Index) is 45.63 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.40, which suggests the price will decrease in the coming days. Percent R is at 54.76%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
