RPM International, Inc’s recent filing unveils that its VP, Controller & CAO Laroche Michael J. unloaded Company’s shares for reported $0.46 million on Oct 31 ’24. In the deal valued at $127.14 per share,3,615 shares were sold. As a result of this transaction, Laroche Michael J. now holds 11,596 shares worth roughly $1.59 million.
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Then, Laroche Michael J. bought 3,615 shares, generating $463,154 in total proceeds.
Before that, Crandall Tracy D. sold 3,718 shares. RPM International, Inc shares valued at $497,140 were divested by the VP, General Counsel and CCO at a price of $133.71 per share. As a result of the transaction, Crandall Tracy D. now holds 22,738 shares, worth roughly $3.12 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 Monday, RPM International, Inc [NYSE:RPM] saw its stock jump 1.84% to $137.25. Over the last five days, the stock has gained 7.61%. RPM International, Inc shares have risen nearly 22.95% since the year began. Nevertheless, the stocks have risen 42.95% over the past one year. While a 52-week high of $135.95 was reached on 11/11/24, a 52-week low of $95.97 was recorded on 01/04/24. SMA at 50 days reached $126.43, while 200 days put it at $115.77.
Levels Of Support And Resistance For RPM Stock
The 24-hour chart illustrates a support level at 135.47, which if violated will result in even more drops to 133.68. On the upside, there is a resistance level at 138.65. A further resistance level may holdings at 140.04. The Relative Strength Index (RSI) on the 14-day chart is 70.09, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.82, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.29%. Stochastics %K at 87.57% indicates the stock is a selling.
How much short interest is there in RPM International, Inc?
A steep rise in short interest was recorded in RPM International, Inc stocks on 2024-10-15, dropping by -0.69 million shares to a total of 1.34 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.04 million shares. There was a decline of -51.64%, 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.
