Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Rimini Street Inc shares valued at $31,695 were sold by Ravin Seth A. on Dec 13 ’24. At $2.20 per share, Ravin Seth A. sold 14,375 shares. The insider’s holdings dropped to 444,914 shares worth approximately $1.17 million following the completion of this transaction.
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, Perica Michael L. sold 3,433 shares, netting a total of over 7,569 in proceeds. Following the sale of shares at $2.20 each, the insider now holds 154,259 shares.
Before that, Perica Michael L. had sold 2,082 shares from its account. In a trade valued at $3,798, the EVP & Chief Financial Officer traded Rimini Street Inc shares for $1.82 each. Upon closing the transaction, the insider’s holdings decreased to 2,082 shares, worth approximately $0.39 million.
As published in a research note from Craig Hallum on December 17, 2024, Rimini Street Inc [RMNI] has been rated up from a Hold to a Buy and the price target has been revised to $6. Analysts at Alliance Global Partners downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late July. As of July 27, 2023, Craig Hallum has decreased its “Buy” rating to a “Hold” for RMNI. Earlier on March 03, 2022, Alliance Global Partners upgraded its rating. Their new recommendation was “a Buy” for RMNI stock which previously was a “a Neutral”.
Analyzing RMNI Stock Performance
During the last five days, there has been a surge of approximately 24.76%. Over the course of the year, Rimini Street Inc shares have dropped approximately -19.88%. Shares of the company reached a 52-week high of $3.43 on 01/08/24 and a 52-week low of $1.53 on 10/30/24. A 50-day SMA is recorded $1.97, while a 200-day SMA reached $2.39. Nevertheless, trading volume fell to 0.73 million shares from 1.78 million shares the previous day.
Support And Resistance Levels for Rimini Street Inc (RMNI)
According to the 24-hour chart, there is a support level at 2.53, which, if violated, would cause prices to drop to 2.44. In the upper region, resistance lies at 2.74. The next price resistance is at 2.86. RSI (Relative Strength Index) is 69.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.46, which suggests the price will decrease in the coming days. Percent R is at 36.02%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
