RingCentral Inc’s recent filing unveils that its 10% Owner 2015 VEN C TRS FBO EDWARD B VE acquired Company’s shares for reported $0.33 million on Dec 13 ’24. In the deal valued at $41.00 per share,8,017 shares were bought.
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Then, 2015 VENDROW C TRT FBO JOSH VE bought 8,018 shares, generating $328,738 in total proceeds.
Before that, SEGAL NED D. sold 2,914 shares. RingCentral Inc shares valued at $121,222 were divested by the Director at a price of $41.60 per share. As a result of the transaction, SEGAL NED D. now holds 10,633 shares, worth roughly $0.42 million.
Mizuho downgraded its RingCentral Inc [RNG] rating to a Neutral from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Rosenblatt’s analysts, who increased its forecast for the stock in early August from “a Neutral” to “a Buy”. Wells Fargo also remained covering RNG and has decreased its forecast on December 20, 2023 with a “an Equal weight” recommendation from previously “an Overweight” rating. Jefferies revised its rating on December 12, 2023. It rated RNG as “a Hold” which previously was an “a Buy”.
Price Performance Review of RNG
On Tuesday, RingCentral Inc [NYSE:RNG] saw its stock fall -1.73% to $39.24. Over the last five days, the stock has lost -4.87%. RingCentral Inc shares have risen nearly 15.58% since the year began. Nevertheless, the stocks have risen 16.72% over the past one year. While a 52-week high of $42.19 was reached on 12/10/24, a 52-week low of $26.98 was recorded on 06/27/24. SMA at 50 days reached $36.29, while 200 days put it at $33.25.
Levels Of Support And Resistance For RNG Stock
The 24-hour chart illustrates a support level at 38.67, which if violated will result in even more drops to 38.10. On the upside, there is a resistance level at 39.89. A further resistance level may holdings at 40.54. 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 -0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.19%. Stochastics %K at 46.98% 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 2024-11-29, growing by 1.09 million shares to a total of 6.22 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 5.14 million shares. There was a rise of 17.43%, which implies that there is a positive sentiment for the stock.
