RPM International, Inc.’s recent filing unveils that its VP, General Counsel and CCO Crandall Tracy D. unloaded Company’s shares for reported $0.5 million on Oct 18 ’24. In the deal valued at $133.71 per share,3,718 shares were sold. As a result of this transaction, Crandall Tracy D. now holds 22,738 shares worth roughly $2.97 million.
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Then, Crandall Tracy D. bought 3,718 shares, generating $495,237 in total proceeds.
Before that, Ratajczak Matthew T sold 3,156 shares. RPM International, Inc. shares valued at $406,341 were divested by the VP-Global Tax and Treasurer at a price of $128.75 per share. As a result of the transaction, Ratajczak Matthew T now holds 21,183 shares, worth roughly $2.77 million.
JP Morgan downgraded its RPM International, Inc. [RPM] rating to a Neutral from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Vertical Research’s analysts, who increased its forecast for the stock in mid July from “a Hold” to “a Buy”. Mizuho began covering RPM with “Buy” recommendation on January 12, 2024. Deutsche Bank revised its rating on July 27, 2023. It rated RPM as “a Buy” which previously was an “a Hold”.
Price Performance Review of RPM
On Tuesday, RPM International, Inc. [NYSE:RPM] saw its stock fall -1.28% to $130.58. Over the last five days, the stock has lost -1.56%. RPM International, Inc. shares have risen nearly 16.98% since the year began. Nevertheless, the stocks have risen 40.06% over the past one year. While a 52-week high of $134.56 was reached on 10/15/24, a 52-week low of $88.84 was recorded on 01/04/24. SMA at 50 days reached $122.23, while 200 days put it at $114.14.
Levels Of Support And Resistance For RPM Stock
The 24-hour chart illustrates a support level at 129.41, which if violated will result in even more drops to 128.23. On the upside, there is a resistance level at 131.74. A further resistance level may holdings at 132.89. The Relative Strength Index (RSI) on the 14-day chart is 58.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.67, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.36%. Stochastics %K at 78.32% indicates the stock is a holding.
How much short interest is there in RPM International, Inc.?
A steep rise in short interest was recorded in RPM International, Inc. stocks on 2024-09-30, dropping by -1.17 million shares to a total of 1.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.37 million shares. There was a decline of -98.53%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 05, 2023 when Deutsche Bank began covering the stock and recommended ‘”a Hold”‘ rating along with a $90 price target.
