RBC Bearings Inc’s recently made public that its Vice President and Secretary Feeney John J. unloaded Company’s shares for reported $0.1 million on Nov 26 ’24. In the deal valued at $340.23 per share,304 shares were sold. As a result of this transaction, Feeney John J. now holds 2,567 shares worth roughly $0.79 million.
Then, Feeney John J. bought 304 shares, generating $102,500 in total proceeds.
Before that, BERGERON DANIEL A sold 17,500 shares. RBC Bearings Inc shares valued at $5,611,135 were divested by the Vice President and COO at a price of $320.64 per share. As a result of the transaction, BERGERON DANIEL A now holds 111,408 shares, worth roughly $34.12 million.
KeyBanc Capital Markets upgraded its RBC Bearings Inc [RBC] rating to an Overweight from a a Sector weight in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in late November from “a Buy” to “a Neutral”. Raymond James began covering RBC with “Mkt perform” recommendation on June 28, 2024.
Price Performance Review of RBC
On Friday, RBC Bearings Inc [NYSE:RBC] saw its stock fall -1.26% to $306.28. Over the last five days, the stock has lost -6.50%. RBC Bearings Inc shares have risen nearly 7.51% since the year began. Nevertheless, the stocks have risen 11.45% over the past one year. While a 52-week high of $346.77 was reached on 12/05/24, a 52-week low of $240.36 was recorded on 02/08/24. SMA at 50 days reached $311.66, while 200 days put it at $286.10.
Levels Of Support And Resistance For RBC Stock
The 24-hour chart illustrates a support level at 303.23, which if violated will result in even more drops to 300.18. On the upside, there is a resistance level at 311.58. A further resistance level may holdings at 316.87. The Relative Strength Index (RSI) on the 14-day chart is 32.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -17.94, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.06%. Stochastics %K at 1.77% indicates the stock is a buying.
How much short interest is there in RBC Bearings Inc?
A steep rise in short interest was recorded in RBC Bearings Inc stocks on 2024-11-29, growing by 17903.0 shares to a total of 0.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.55 million shares. There was a rise of 3.16%, which implies that there is a positive sentiment for the stock.
