Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Rimini Street Inc. shares valued at $3,798 were sold by Perica Michael L. on Aug 05 ’24. At $1.82 per share, Perica Michael L. sold 2,082 shares. The insider’s holdings dropped to 149,358 shares worth approximately $0.25 million following the completion of this transaction.
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Also, Lyskawa Nancy sold 527 shares, netting a total of over 954 in proceeds. Following the sale of shares at $1.81 each, the insider now holds 124,671 shares.
Before that, Maddock Kevin had sold 1,315 shares from its account. In a trade valued at $2,381, the EVP,ChiefRecurringRev.Officer traded Rimini Street Inc. shares for $1.81 each. Upon closing the transaction, the insider’s holdings decreased to 1,315 shares, worth approximately $0.18 million.
As published in a research note from Alliance Global Partners on July 31, 2024, Rimini Street Inc. [RMNI] has been rated down from a Buy to a Neutral. Analysts at Craig Hallum downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late July. As of March 03, 2022, Alliance Global Partners has increased its “Neutral” rating to a “Buy” for RMNI. Earlier on January 19, 2022, ROTH Capital upgraded its rating. Their new recommendation was “a Buy” for RMNI stock which previously was a “a Neutral”.
Analyzing RMNI Stock Performance
During the last five days, there has been a drop of approximately -10.58%. Over the course of the year, Rimini Street Inc. shares have dropped approximately -48.32%. Nevertheless, trading volume fell to 1.56 million shares from 0.27 million shares the previous day.
Support And Resistance Levels for Rimini Street Inc. (RMNI)
RSI (Relative Strength Index) is 38.28 on the 14-day chart, showing neutral technical sentiment.
