Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. RPM International, Inc. shares valued at $406,341 were sold by Ratajczak Matthew T on Oct 07 ’24. At $128.75 per share, Ratajczak Matthew T sold 3,156 shares. The insider’s holdings dropped to 21,183 shares worth approximately $2.82 million following the completion of this transaction.
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Also, Ratajczak Matthew T purchased 3,156 shares, netting a total of over 404,937 in proceeds.
Before that, SULLIVAN FRANK C had sold 57,083 shares from its account. In a trade valued at $6,625,053, the Chairman and CEO traded RPM International, Inc. shares for $116.06 each. Upon closing the transaction, the insider’s holdings decreased to 57,083 shares, worth approximately $138.33 million.
As published in a research note from JP Morgan on July 26, 2024, RPM International, Inc. [RPM] has been rated down from an Overweight to a Neutral and the price target has been revised to $120. Analysts at Vertical Research upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid July. As of January 12, 2024, Mizuho has initiated its “Buy” rating for RPM. Earlier on July 27, 2023, Deutsche Bank upgraded its rating. Their new recommendation was “a Buy” for RPM stock which previously was a “a Hold”.
Analyzing RPM Stock Performance
During the last five days, there has been a surge of approximately 1.05%. Over the course of the year, RPM International, Inc. shares have jumped approximately 19.26%. Shares of the company reached a 52-week high of $134.56 on 10/15/24 and a 52-week low of $100.82 on 01/04/24. A 50-day SMA is recorded $120.72, while a 200-day SMA reached $113.62. Nevertheless, trading volume fell to 0.55 million shares from 0.66 million shares the previous day.
Support And Resistance Levels for RPM International, Inc. (RPM)
According to the 24-hour chart, there is a support level at 132.53, which, if violated, would cause prices to drop to 131.92. In the upper region, resistance lies at 134.10. The next price resistance is at 135.06. RSI (Relative Strength Index) is 69.56 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.39, which suggests the price will increase in the coming days. Percent R is at 9.45%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
