In a filing, RingCentral Inc. revealed its DEPUTY CHIEF FINANCIAL OFFICER Agarwal Vaibhav unloaded Company’s shares for reported $62331.0 on Oct 01 ’24. In the deal valued at $31.40 per share,1,985 shares were sold. As a result of this transaction, Agarwal Vaibhav now holds 135,560 shares worth roughly $-4.43 million.
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Then, VAIBHAV AGARWAL bought 1,985 shares, generating $62,330 in total proceeds.
Before that, THEIS ROBERT I sold 8,448 shares. RingCentral Inc. shares valued at $287,232 were divested by the Director at a price of $34.00 per share. As a result of the transaction, THEIS ROBERT I now holds 31,604 shares, worth roughly $1.03 million.
Rosenblatt upgraded its RingCentral Inc. [RNG] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in mid December from “an Overweight” to “an Equal weight”. Jefferies also remained covering RNG and has decreased its forecast on December 12, 2023 with a “Hold” recommendation from previously “Buy” rating. Rosenblatt revised its rating on October 23, 2023. It rated RNG as “a Neutral” which previously was an “a Buy”.
Price Performance Review of RNG
On Monday, RingCentral Inc. [NYSE:RNG] saw its stock fall -0.03% to $32.71. Over the last five days, the stock has gained 8.71%. RingCentral Inc. shares have fallen nearly -3.65% since the year began. Nevertheless, the stocks have risen 11.18% over the past one year. While a 52-week high of $38.35 was reached on 05/15/24, a 52-week low of $25.08 was recorded on 06/27/24. SMA at 50 days reached $31.52, while 200 days put it at $32.41.
Levels Of Support And Resistance For RNG Stock
The 24-hour chart illustrates a support level at 32.44, which if violated will result in even more drops to 32.18. On the upside, there is a resistance level at 32.93. A further resistance level may holdings at 33.15. The Relative Strength Index (RSI) on the 14-day chart is 61.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.15, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.28%. Stochastics %K at 88.45% indicates the stock is a selling.
How much short interest is there in RingCentral Inc.?
A steep rise in short interest was recorded in RingCentral Inc. stocks on 2024-09-30, dropping by -0.46 million shares to a total of 5.32 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 5.78 million shares. There was a decline of -8.74%, which implies that there is a negative sentiment for the stock.
