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Examining the Potential Price Growth of Ryan Specialty Holdings Inc (RYAN)

Ryan Specialty Holdings Inc’s filing revealed that its Director CORTEZI NICHOLAS DOMINIC unloaded Company’s shares for reported $1.2 million on Aug 29 ’24. In the deal valued at $64.55 per share,18,542 shares were sold. As a result of this transaction, CORTEZI NICHOLAS DOMINIC now holds 0 shares worth roughly $0.0.

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Then, CORTEZI NICHOLAS DOMINIC sold 5,375 shares, generating $347,916 in total proceeds. Upon selling the shares at $64.73, the Director now owns 2,685 shares.

Before that, LOUISE M CORTEZI FAMILY RESOUR bought 1,129 shares. Ryan Specialty Holdings Inc shares valued at $72,882 were divested by the Officer at a price of $64.55 per share.

BMO Capital Markets upgraded its Ryan Specialty Holdings Inc [RYAN] rating to an Outperform from a a Market perform in a research note published on September 24, 2024; the price target was increased to $75 from $65. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early September with a ‘”an Overweight”‘ rating. Wells Fargo also remained covering RYAN and has decreased its forecast on July 11, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating. BofA Securities started covering the stock on May 22, 2024. It rated RYAN as “a Buy”.

Price Performance Review of RYAN

On Tuesday, Ryan Specialty Holdings Inc [NYSE:RYAN] saw its stock fall -1.70% to $71.25. Over the last five days, the stock has gained 0.24%. Ryan Specialty Holdings Inc shares have risen nearly 66.33% since the year began. Nevertheless, the stocks have risen 51.28% over the past one year. While a 52-week high of $72.97 was reached on 10/15/24, a 52-week low of $41.31 was recorded on 01/09/24. SMA at 50 days reached $65.96, while 200 days put it at $55.48.

Levels Of Support And Resistance For RYAN Stock

The 24-hour chart illustrates a support level at 70.62, which if violated will result in even more drops to 69.99. On the upside, there is a resistance level at 72.49. A further resistance level may holdings at 73.73. The Relative Strength Index (RSI) on the 14-day chart is 61.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.05, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 24.47%. Stochastics %K at 84.45% indicates the stock is a selling.

How much short interest is there in Ryan Specialty Holdings Inc?

A steep rise in short interest was recorded in Ryan Specialty Holdings Inc stocks on 2024-09-30, dropping by -0.69 million shares to a total of 6.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 7.48 million shares. There was a decline of -10.23%, which implies that there is a negative sentiment for the stock.

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