The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Rapid7 Inc shares valued at $146,521 were sold by Sondhi Reeny on Sep 30 ’24. At $40.00 per share, Sondhi Reeny sold 3,663 shares. The insider’s holdings dropped to 17,460 shares worth approximately $0.66 million following the completion of this transaction.
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Also, REENY SONDHI purchased 3,663 shares, netting a total of over 136,850 in proceeds.
Before that, Luconi Christina had sold 33,795 shares from its account. In a trade valued at $1,214,930, the Chief People Officer traded Rapid7 Inc shares for $35.95 each. Upon closing the transaction, the insider’s holdings decreased to 33,795 shares, worth approximately $3.48 million.
As published in a research note from RBC Capital Mkts on September 20, 2024, Rapid7 Inc [RPD] has been rated down from an Outperform to a Sector perform. Analysts at Canaccord Genuity upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early August. As of August 01, 2024, Robert W. Baird has decreased its “an Outperform” rating to a “Neutral” for RPD. Earlier on April 26, 2024, Scotiabank initiated its rating. Their recommendation was “a Sector perform” for RPD stock.
Analyzing RPD Stock Performance
During the last five days, there has been a surge of approximately 1.65%. Over the course of the year, Rapid7 Inc shares have dropped approximately -34.13%. 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 $36.59, while a 200-day SMA reached $45.09. Nevertheless, trading volume fell to 0.64 million shares from 0.52 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 37.09, which, if violated, would cause prices to drop to 36.57. In the upper region, resistance lies at 38.60. The next price resistance is at 39.60. RSI (Relative Strength Index) is 54.27 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.18, which suggests the price will increase in the coming days. Percent R is at 39.34%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
