Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. RPM International, Inc shares valued at $463,154 were purchased by Laroche Michael J. on Oct 31 ’24. At $128.12 per share, Laroche Michael J. acquired 3,615 shares.
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Also, Crandall Tracy D. sold 3,718 shares, netting a total of over 497,140 in proceeds. Following the sale of shares at $133.71 each, the insider now holds 22,738 shares.
Before that, Crandall Tracy D. had added 3,718 shares to its account. In a trade valued at $495,237, the Officer bought RPM International, Inc shares for $133.20 each.
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 drop of approximately -2.34%. Over the course of the year, RPM International, Inc shares have jumped approximately 13.87%. 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 $124.04, while a 200-day SMA reached $114.92. Nevertheless, trading volume fell to 0.7 million shares from 0.43 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 126.47, which, if violated, would cause prices to drop to 125.84. In the upper region, resistance lies at 128.16. The next price resistance is at 129.21. RSI (Relative Strength Index) is 46.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.83, which suggests the price will decrease in the coming days. Percent R is at 97.13%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
