Resources Connection Inc’s filing revealed 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 jump 0.12% to $8.37. Over the last five days, the stock has lost -11.52%. Resources Connection Inc shares have fallen nearly -40.93% since the year began. Nevertheless, the stocks have fallen -42.20% over the past one year. While a 52-week high of $14.72 was reached on 01/04/24, a 52-week low of $8.17 was recorded on 10/03/24. SMA at 50 days reached $10.08, while 200 days put it at $11.66.
Levels Of Support And Resistance For RGP Stock
The 24-hour chart illustrates a support level at 8.24, which if violated will result in even more drops to 8.11. On the upside, there is a resistance level at 8.54. A further resistance level may holdings at 8.70. The Relative Strength Index (RSI) on the 14-day chart is 27.30, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.48%. Stochastics %K at 6.87% indicates the stock is a buying.
How much short interest is there in Resources Connection Inc?
A steep rise in short interest was recorded in Resources Connection Inc stocks on 2024-09-13, growing by 0.16 million shares to a total of 1.01 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 0.84 million shares. There was a rise of 16.25%, which implies that there is a positive sentiment for the stock.
