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An Analysis of RB Global Inc (RBA)’s Potential Price Growth

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RB Global Inc’s filing revealed that its Chief Executive Officer KESSLER JAMES FRANCIS unloaded Company’s shares for reported $1.51 million on Sep 23 ’24. In the deal valued at $84.19 per share,17,883 shares were sold. As a result of this transaction, KESSLER JAMES FRANCIS now holds 86,247 shares worth roughly $8.19 million.

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Then, KESSLER JAMES FRANCIS bought 17,883 shares, generating $1,505,570 in total proceeds.

Before that, KESSLER JAMES FRANCIS sold 17,883 shares. RB Global Inc shares valued at $1,517,015 were divested by the Chief Executive Officer at a price of $84.83 per share. As a result of the transaction, KESSLER JAMES FRANCIS now holds 86,247 shares, worth roughly $8.19 million.

BMO Capital Markets initiated its RB Global Inc [RBA] rating to an Outperform in a research note published on September 05, 2024; the price target was $105. A number of analysts have revised their coverage, including CIBC’s analysts, who began to cover the stock in mid June with a ‘”a Sector outperform”‘ rating. Raymond James also remained covering RBA and has increased its forecast on July 20, 2023 with a “an Outperform” recommendation from previously “Mkt perform” rating. National Bank Financial revised its rating on May 18, 2023. It rated RBA as “an Outperform” which previously was an “a Sector perform”.

Price Performance Review of RBA

On Monday, RB Global Inc [NYSE:RBA] saw its stock jump 0.15% to $95.01. Over the last five days, the stock has lost -2.42%. RB Global Inc shares have risen nearly 42.04% since the year began. Nevertheless, the stocks have risen 45.72% over the past one year. While a 52-week high of $99.79 was reached on 11/25/24, a 52-week low of $60.84 was recorded on 01/25/24. SMA at 50 days reached $89.90, while 200 days put it at $80.88.

Levels Of Support And Resistance For RBA Stock

The 24-hour chart illustrates a support level at 94.36, which if violated will result in even more drops to 93.71. On the upside, there is a resistance level at 95.57. A further resistance level may holdings at 96.12. The Relative Strength Index (RSI) on the 14-day chart is 53.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.66, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.15%. Stochastics %K at 11.17% indicates the stock is a buying.

How much short interest is there in RB Global Inc?

A steep rise in short interest was recorded in RB Global Inc stocks on 2024-11-29, dropping by 40208.0 shares to a total of 5.97 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 6.01 million shares. There was a decline of -0.67%, which implies that there is a negative sentiment for the stock.

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