The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. RPM International, Inc shares valued at $80,467 were sold by Nance Frederick R. on Nov 14 ’24. At $135.47 per share, Nance Frederick R. sold 594 shares. The insider’s holdings dropped to 8,526 shares worth approximately $1.07 million following the completion of this transaction.
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Also, Nance Frederick R. purchased 594 shares, netting a total of over 80,149 in proceeds.
Before that, Laroche Michael J. had sold 3,615 shares from its account. In a trade valued at $459,611, the VP, Controller & CAO traded RPM International, Inc shares for $127.14 each. Upon closing the transaction, the insider’s holdings decreased to 3,615 shares, worth approximately $1.45 million.
As published in a research note from JP Morgan on July 26, 2024, RPM International, Inc [RPM] has been rated down from an Overweight to a Neutral and the price target has been revised to $120. Analysts at Vertical Research upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid July. As of January 12, 2024, Mizuho has initiated its “Buy” rating for RPM. Earlier on July 27, 2023, Deutsche Bank upgraded its rating. Their new recommendation was “a Buy” for RPM stock which previously was a “a Hold”.
Analyzing RPM Stock Performance
During the last five days, there has been a drop of approximately -5.59%. Over the course of the year, RPM International, Inc shares have jumped approximately 12.34%. Shares of the company reached a 52-week high of $141.79 on 11/25/24 and a 52-week low of $100.82 on 01/04/24. A 50-day SMA is recorded $133.49, while a 200-day SMA reached $119.18. Nevertheless, trading volume fell to 0.75 million shares from 0.65 million shares the previous day.
Support And Resistance Levels for RPM International, Inc (RPM)
According to the 24-hour chart, there is a support level at 124.57, which, if violated, would cause prices to drop to 123.75. In the upper region, resistance lies at 127.02. The next price resistance is at 128.65. RSI (Relative Strength Index) is 25.24 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.12, which suggests the price will decrease in the coming days. Percent R is at 99.80%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
