Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Resources Connection Inc shares valued at $2,820,003 were purchased by MURRAY DONALD B on Aug 29 ’24. At $10.18 per share, MURRAY DONALD B acquired 277,014 shares.
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
Also, MURRAY DONALD B purchased 250,000 shares, netting a total of over 2,545,000 in proceeds.
Before that, MURRAY DONALD B had added 198,154 shares to its account. In a trade valued at $1,981,540, the Officer bought Resources Connection Inc shares for $10.00 each.
As published in a research note from BofA Securities on November 15, 2022, Resources Connection Inc [RGP] has been rated up from an Underperform to a Neutral and the price target has been revised to $58 from $49. Analysts at Sidoti started covering the stock with ‘”a Buy”‘ outlook in a report released in mid June.
Analyzing RGP Stock Performance
During the last five days, there has been a surge of approximately 1.81%. Over the course of the year, Resources Connection Inc shares have dropped approximately -40.44%. Shares of the company reached a 52-week high of $14.50 on 01/04/24 and a 52-week low of $7.90 on 11/05/24. A 50-day SMA is recorded $8.62, while a 200-day SMA reached $10.69. Nevertheless, trading volume fell to 0.19 million shares from 0.23 million shares the previous day.
Support And Resistance Levels for Resources Connection Inc (RGP)
According to the 24-hour chart, there is a support level at 8.35, which, if violated, would cause prices to drop to 8.26. In the upper region, resistance lies at 8.60. The next price resistance is at 8.75. RSI (Relative Strength Index) is 47.39 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.07, which suggests the price will decrease in the coming days. Percent R is at 66.67%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
