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Analyzing Republic Services, Inc. (RSG) After Recent Trading Activity

In a filing, Republic Services, Inc. revealed its Director Collins Tomago unloaded Company’s shares for reported $0.65 million on Aug 16 ’24. In the deal valued at $203.01 per share,3,200 shares were sold. As a result of this transaction, Collins Tomago now holds 17,486 shares worth roughly $3.57 million.

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Then, Collins Tomago bought 3,200 shares, generating $649,617 in total proceeds.

Before that, Weymouth Katharine bought 540 shares. Republic Services, Inc. shares valued at $100,040 were divested by the Director at a price of $185.26 per share. As a result of the transaction, Weymouth Katharine now holds 540 shares, worth roughly $0.11 million.

Scotiabank initiated its Republic Services, Inc. [RSG] rating to a Sector perform in a research note published on October 04, 2024; the price target was $224. A number of analysts have revised their coverage, including William Blair’s analysts, who began to cover the stock in early October with a ‘”an Outperform”‘ rating. Truist also remained covering RSG and has increased its forecast on July 11, 2024 with a “Buy” recommendation from previously “Hold” rating. Deutsche Bank started covering the stock on May 23, 2024. It rated RSG as “a Hold”.

Price Performance Review of RSG

On Tuesday, Republic Services, Inc. [NYSE:RSG] saw its stock jump 1.94% to $204.31. Over the last five days, the stock has gained 0.19%. Republic Services, Inc. shares have risen nearly 23.89% since the year began. Nevertheless, the stocks have risen 39.94% over the past one year. While a 52-week high of $208.69 was reached on 08/29/24, a 52-week low of $146.15 was recorded on 01/08/24. SMA at 50 days reached $203.85, while 200 days put it at $191.86.

Levels Of Support And Resistance For RSG Stock

The 24-hour chart illustrates a support level at 201.36, which if violated will result in even more drops to 198.41. On the upside, there is a resistance level at 206.48. A further resistance level may holdings at 208.65. The Relative Strength Index (RSI) on the 14-day chart is 53.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 47.23%. Stochastics %K at 23.13% indicates the stock is a holding.

How much short interest is there in Republic Services, Inc.?

A steep rise in short interest was recorded in Republic Services, Inc. stocks on 2024-10-15, growing by 0.17 million shares to a total of 2.72 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.55 million shares. There was a rise of 6.08%, which implies that there is a positive sentiment for the stock.

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