The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. RB Global Inc shares valued at $1,505,570 were sold by KESSLER JAMES FRANCIS on Sep 23 ’24. At $84.19 per share, KESSLER JAMES FRANCIS sold 17,883 shares. The insider’s holdings dropped to 86,247 shares worth approximately $8.22 million following the completion of this transaction.
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Also, KESSLER JAMES FRANCIS purchased 17,883 shares, netting a total of over 1,505,570 in proceeds.
Before that, KESSLER JAMES FRANCIS had sold 17,883 shares from its account. In a trade valued at $1,517,015, the Chief Executive Officer traded RB Global Inc shares for $84.83 each. Upon closing the transaction, the insider’s holdings decreased to 17,883 shares, worth approximately $8.22 million.
As published in their initiating research note from BMO Capital Markets on September 05, 2024, RB Global Inc [RBA] has been an Outperform and the price target has been revised to $105. Analysts at CIBC started covering the stock with ‘”a Sector outperform”‘ outlook in a report released in mid June. As of July 20, 2023, Raymond James has increased its “Mkt perform” rating to a “an Outperform” for RBA. Earlier on May 18, 2023, National Bank Financial upgraded its rating. Their new recommendation was “an Outperform” for RBA stock which previously was a “a Sector perform”.
Analyzing RBA Stock Performance
During the last five days, there has been a surge of approximately 3.23%. Over the course of the year, RB Global Inc shares have jumped approximately 42.53%. Shares of the company reached a 52-week high of $95.65 on 11/21/24 and a 52-week low of $60.84 on 01/25/24. A 50-day SMA is recorded $85.29, while a 200-day SMA reached $78.82. Nevertheless, trading volume fell to 0.71 million shares from 0.49 million shares the previous day.
Support And Resistance Levels for RB Global Inc (RBA)
According to the 24-hour chart, there is a support level at 93.97, which, if violated, would cause prices to drop to 92.60. In the upper region, resistance lies at 96.18. The next price resistance is at 97.02. RSI (Relative Strength Index) is 72.39 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.64, which suggests the price will increase in the coming days. Percent R is at 2.89%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
