Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Ryan Specialty Holdings Inc shares valued at $320,803 were purchased by LOUISE M CORTEZI FAMILY RESOUR on Dec 18 ’24. At $65.47 per share, LOUISE M CORTEZI FAMILY RESOUR acquired 4,900 shares.
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Also, LOUISE M CORTEZI FAM TRUST purchased 30,100 shares, netting a total of over 1,970,647 in proceeds.
Before that, CORTEZI NICHOLAS DOMINIC had sold 35,000 shares from its account. In a trade valued at $2,358,707, the Director traded Ryan Specialty Holdings Inc shares for $67.39 each. Upon closing the transaction, the insider’s holdings decreased to 35,000 shares, worth approximately $4.11 million.
As published in their initiating research note from Morgan Stanley on December 05, 2024, Ryan Specialty Holdings Inc [RYAN] has been an Overweight and the price target has been revised to $90. Analysts at BMO Capital Markets upgraded the stock from ‘”a Market perform”‘ to ‘”an Outperform”‘ outlook in a report released in late September. As of September 05, 2024, Barclays has initiated its “an Overweight” rating for RYAN. Earlier on July 11, 2024, Wells Fargo downgraded its rating. Their new recommendation was “an Equal weight” for RYAN stock which previously was a “an Overweight”.
Analyzing RYAN Stock Performance
During the last five days, there has been a drop of approximately -6.50%. Over the course of the year, Ryan Specialty Holdings Inc shares have jumped approximately 47.42%. Shares of the company reached a 52-week high of $75.97 on 11/29/24 and a 52-week low of $41.65 on 01/09/24. A 50-day SMA is recorded $70.29, while a 200-day SMA reached $61.25. Nevertheless, trading volume fell to 1.15 million shares from 0.95 million shares the previous day.
Support And Resistance Levels for Ryan Specialty Holdings Inc (RYAN)
According to the 24-hour chart, there is a support level at 62.70, which, if violated, would cause prices to drop to 62.25. In the upper region, resistance lies at 64.00. The next price resistance is at 64.84. RSI (Relative Strength Index) is 23.85 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.00, which suggests the price will decrease in the coming days. Percent R is at 99.59%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
