Regal Rexnord Corp’s recently made public that its Chief Executive Officer Pinkham Louis V. unloaded Company’s shares for reported $1.58 million on Nov 07 ’24. In the deal valued at $180.03 per share,8,774 shares were sold. As a result of this transaction, Pinkham Louis V. now holds 149,618 shares worth roughly $26.54 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Pinkham Louis V. bought 8,774 shares, generating $1,579,566 in total proceeds.
Before that, Valentyn Thomas E sold 647 shares. Regal Rexnord Corp shares valued at $109,796 were divested by the EVP, General Counsel & Sec.* at a price of $169.70 per share. As a result of the transaction, Valentyn Thomas E now holds 28,412 shares, worth roughly $5.04 million.
Citigroup initiated its Regal Rexnord Corp [RRX] rating to a Buy in a research note published on October 14, 2024; the price target was $200. A number of analysts have revised their coverage, including Raymond James’s analysts, who began to cover the stock in late June with a ‘”a Mkt perform”‘ rating. Wolfe Research also remained covering RRX and has increased its forecast on December 11, 2023 with a “an Outperform” recommendation from previously “Peer perform” rating. Wolfe Research revised its rating on December 01, 2022. It rated RRX as “a Peer perform” which previously was an “an Outperform”.
Price Performance Review of RRX
On Friday, Regal Rexnord Corp [NYSE:RRX] saw its stock jump 2.09% to $177.37. Over the last five days, the stock has gained 4.50%. Regal Rexnord Corp shares have risen nearly 19.83% since the year began. Nevertheless, the stocks have risen 54.22% over the past one year. While a 52-week high of $185.28 was reached on 11/06/24, a 52-week low of $113.79 was recorded on 07/02/24. SMA at 50 days reached $170.08, while 200 days put it at $160.55.
Levels Of Support And Resistance For RRX Stock
The 24-hour chart illustrates a support level at 174.56, which if violated will result in even more drops to 171.76. On the upside, there is a resistance level at 179.34. A further resistance level may holdings at 181.32. The Relative Strength Index (RSI) on the 14-day chart is 58.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 19.32%. Stochastics %K at 72.71% indicates the stock is a holding.
How much short interest is there in Regal Rexnord Corp?
A steep rise in short interest was recorded in Regal Rexnord Corp stocks on 2024-10-31, dropping by -0.18 million shares to a total of 1.07 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.25 million shares. There was a decline of -17.07%, which implies that there is a negative sentiment for the stock.
