RingCentral Inc’s recently made public that its 10% Owner 2015 VEN C TRS FBO EDWARD B VE acquired Company’s shares for reported $72482.0 on Nov 27 ’24. In the deal valued at $38.35 per share,1,890 shares were bought.
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Then, 2015 VENDROW C TRT FBO JOSH VE bought 1,890 shares, generating $72,409 in total proceeds.
Before that, 2015 VEN C TRST FBO DAVID G VE bought 10,000 shares. RingCentral Inc shares valued at $381,542 were divested by the 10% Owner at a price of $38.15 per share.
Rosenblatt upgraded its RingCentral Inc [RNG] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in mid December from “an Overweight” to “an Equal weight”. Jefferies also remained covering RNG and has decreased its forecast on December 12, 2023 with a “Hold” recommendation from previously “Buy” rating. Rosenblatt revised its rating on October 23, 2023. It rated RNG as “a Neutral” which previously was an “a Buy”.
Price Performance Review of RNG
On Tuesday, RingCentral Inc [NYSE:RNG] saw its stock fall -1.88% to $37.05. Over the last five days, the stock has lost -4.98%. RingCentral Inc shares have risen nearly 9.13% since the year began. Nevertheless, the stocks have risen 20.49% over the past one year. While a 52-week high of $40.98 was reached on 11/08/24, a 52-week low of $26.98 was recorded on 06/27/24. SMA at 50 days reached $34.40, while 200 days put it at $32.83.
Levels Of Support And Resistance For RNG Stock
The 24-hour chart illustrates a support level at 36.50, which if violated will result in even more drops to 35.96. On the upside, there is a resistance level at 38.03. A further resistance level may holdings at 39.02. The Relative Strength Index (RSI) on the 14-day chart is 54.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.62, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 43.19%. Stochastics %K at 65.18% indicates the stock is a holding.
How much short interest is there in RingCentral Inc?
A steep rise in short interest was recorded in RingCentral Inc stocks on 2024-11-15, growing by 0.82 million shares to a total of 5.97 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 5.15 million shares. There was a rise of 13.68%, which implies that there is a positive sentiment for the stock.
