Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Republic Services, Inc shares valued at $400,187 were sold by Weymouth Katharine on Dec 05 ’24. At $215.27 per share, Weymouth Katharine sold 1,859 shares. The insider’s holdings dropped to 879 shares worth approximately $0.18 million following the completion of this transaction.
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Also, Weymouth Katharine purchased 1,859 shares, netting a total of over 400,187 in proceeds.
Before that, DelGhiaccio Brian M had sold 5,071 shares from its account. In a trade valued at $1,065,011, the EVP Chief Financial Officer traded Republic Services, Inc shares for $210.02 each. Upon closing the transaction, the insider’s holdings decreased to 5,071 shares, worth approximately $1.29 million.
As published in a research note from Deutsche Bank on December 10, 2024, Republic Services, Inc [RSG] has been rated up from a Hold to a Buy and the price target has been revised to $237 from $219. Analysts at BMO Capital Markets upgraded the stock from ‘”a Market perform”‘ to ‘”an Outperform”‘ outlook in a report released in early December. As of October 04, 2024, Scotiabank has initiated its “Sector perform” rating for RSG. Earlier on October 03, 2024, William Blair initiated its rating. Their recommendation was “an Outperform” for RSG stock.
Analyzing RSG Stock Performance
During the last five days, there has been a drop of approximately -3.28%. Over the course of the year, Republic Services, Inc shares have jumped approximately 23.38%. Shares of the company reached a 52-week high of $220.58 on 11/27/24 and a 52-week low of $162.27 on 01/08/24. A 50-day SMA is recorded $208.49, while a 200-day SMA reached $197.90. Nevertheless, trading volume fell to 1.9 million shares from 1.08 million shares the previous day.
Support And Resistance Levels for Republic Services, Inc (RSG)
According to the 24-hour chart, there is a support level at 202.28, which, if violated, would cause prices to drop to 201.11. In the upper region, resistance lies at 205.72. The next price resistance is at 207.99. RSI (Relative Strength Index) is 32.12 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.15, which suggests the price will decrease in the coming days. Percent R is at 99.46%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
