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Recent Insider Activity Suggests Potential Gains for Ryan Specialty Holdings Inc (RYAN)

Ryan Specialty Holdings Inc’s recent filing unveils that its Director CORTEZI NICHOLAS DOMINIC unloaded Company’s shares for reported $2.28 million on Dec 18 ’24. In the deal valued at $65.17 per share,35,000 shares were sold. As a result of this transaction, CORTEZI NICHOLAS DOMINIC now holds 50,400 shares worth roughly $3.22 million.

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Then, CORTEZI NICHOLAS DOMINIC sold 91 shares, generating $5,915 in total proceeds. Upon selling the shares at $65.00, the Director now owns 50,309 shares.

Before that, LOUISE M CORTEZI FAMILY RESOUR bought 4,900 shares. Ryan Specialty Holdings Inc shares valued at $309,435 were divested by the Director at a price of $63.15 per share.

Morgan Stanley initiated its Ryan Specialty Holdings Inc [RYAN] rating to an Overweight in a research note published on December 05, 2024; the price target was $90. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who increased its forecast for the stock in late September from “a Market perform” to “an Outperform”. Barclays began covering RYAN with “an Overweight” recommendation on September 05, 2024. Wells Fargo revised its rating on July 11, 2024. It rated RYAN as “an Equal weight” which previously was an “an Overweight”.

Price Performance Review of RYAN

On Monday, Ryan Specialty Holdings Inc [NYSE:RYAN] saw its stock fall -0.19% to $63.89. Over the last five days, the stock has lost -3.85%. Ryan Specialty Holdings Inc shares have risen nearly 49.15% since the year began. Nevertheless, the stocks have risen 52.52% over the past one year. While a 52-week high of $75.97 was reached on 11/29/24, a 52-week low of $41.39 was recorded on 01/09/24. SMA at 50 days reached $70.00, while 200 days put it at $61.35.

Levels Of Support And Resistance For RYAN Stock

The 24-hour chart illustrates a support level at 63.49, which if violated will result in even more drops to 63.08. On the upside, there is a resistance level at 64.16. A further resistance level may holdings at 64.42. The Relative Strength Index (RSI) on the 14-day chart is 28.77, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.97, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.32%. Stochastics %K at 4.93% indicates the stock is a buying.

How much short interest is there in Ryan Specialty Holdings Inc?

A steep rise in short interest was recorded in Ryan Specialty Holdings Inc stocks on 2024-11-29, dropping by -0.26 million shares to a total of 6.0 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 6.26 million shares. There was a decline of -4.33%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on May 22, 2024 when BofA Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $67 price target.

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