Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Regal Rexnord Corp shares valued at $1,579,583 were sold by Pinkham Louis V. on Nov 07 ’24. At $180.03 per share, Pinkham Louis V. sold 8,774 shares. The insider’s holdings dropped to 149,618 shares worth approximately $25.38 million following the completion of this transaction.
Also, Pinkham Louis V. purchased 8,774 shares, netting a total of over 1,579,566 in proceeds.
Before that, Valentyn Thomas E had sold 647 shares from its account. In a trade valued at $109,796, the EVP, General Counsel & Sec.* traded Regal Rexnord Corp shares for $169.70 each. Upon closing the transaction, the insider’s holdings decreased to 647 shares, worth approximately $4.82 million.
As published in their initiating research note from Citigroup on October 14, 2024, Regal Rexnord Corp [RRX] has been a Buy and the price target has been revised to $200. Analysts at Raymond James started covering the stock with ‘”a Mkt perform”‘ outlook in a report released in late June. As of December 11, 2023, Wolfe Research has increased its “Peer perform” rating to a “an Outperform” for RRX. Earlier on December 01, 2022, Wolfe Research downgraded its rating. Their new recommendation was “a Peer perform” for RRX stock which previously was a “an Outperform”.
Analyzing RRX Stock Performance
During the last five days, there has been a drop of approximately -0.90%. Over the course of the year, Regal Rexnord Corp shares have jumped approximately 14.62%. Shares of the company reached a 52-week high of $185.28 on 11/06/24 and a 52-week low of $130.94 on 07/02/24. A 50-day SMA is recorded $170.85, while a 200-day SMA reached $160.89. Nevertheless, trading volume fell to 0.45 million shares from 0.86 million shares the previous day.
Support And Resistance Levels for Regal Rexnord Corp (RRX)
According to the 24-hour chart, there is a support level at 167.31, which, if violated, would cause prices to drop to 164.97. In the upper region, resistance lies at 174.21. The next price resistance is at 178.76. RSI (Relative Strength Index) is 46.96 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.26, which suggests the price will increase in the coming days. Percent R is at 77.14%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
