Resources Connection Inc’s recent filing unveils 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 1.21% to $8.36. Over the last five days, the stock has lost -0.12%. Resources Connection Inc shares have fallen nearly -41.00% since the year began. Nevertheless, the stocks have fallen -40.75% over the past one year. While a 52-week high of $14.63 was reached on 01/04/24, a 52-week low of $8.13 was recorded on 10/07/24. SMA at 50 days reached $9.74, while 200 days put it at $11.51.
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 8.12. On the upside, there is a resistance level at 8.42. A further resistance level may holdings at 8.48. The Relative Strength Index (RSI) on the 14-day chart is 31.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.47%. Stochastics %K at 10.34% 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 2024-09-30, dropping by -0.16 million shares to a total of 0.94 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 1.1 million shares. There was a decline of -16.94%, which implies that there is a negative sentiment for the stock.
