In a filing, Regal Rexnord Corp revealed its Chief Executive Officer Pinkham Louis V. unloaded Company’s shares for reported $1.58 million on Nov 07 ’24. In the deal valued at $180.03 per share,8,774 shares were sold. As a result of this transaction, Pinkham Louis V. now holds 149,618 shares worth roughly $23.72 million.
Then, Pinkham Louis V. bought 8,774 shares, generating $1,579,566 in total proceeds.
Before that, Valentyn Thomas E sold 647 shares. Regal Rexnord Corp shares valued at $109,796 were divested by the EVP, General Counsel & Sec.* at a price of $169.70 per share. As a result of the transaction, Valentyn Thomas E now holds 28,412 shares, worth roughly $4.5 million.
Jefferies initiated its Regal Rexnord Corp [RRX] rating to a Buy in a research note published on December 12, 2024; the price target was $215. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in mid October with a ‘”a Buy”‘ rating. Raymond James began covering RRX with “Mkt perform” recommendation on June 28, 2024. Wolfe Research revised its rating on December 11, 2023. It rated RRX as “an Outperform” which previously was an “a Peer perform”.
Price Performance Review of RRX
On Tuesday, Regal Rexnord Corp [NYSE:RRX] saw its stock jump 1.54% to $158.55. Over the last five days, the stock has lost -2.44%. Regal Rexnord Corp shares have risen nearly 7.11% since the year began. Nevertheless, the stocks have risen 6.58% over the past one year. While a 52-week high of $185.28 was reached on 11/06/24, a 52-week low of $130.94 was recorded on 07/02/24. SMA at 50 days reached $170.33, while 200 days put it at $160.88.
Levels Of Support And Resistance For RRX Stock
The 24-hour chart illustrates a support level at 156.00, which if violated will result in even more drops to 153.44. On the upside, there is a resistance level at 159.99. A further resistance level may holdings at 161.42. The Relative Strength Index (RSI) on the 14-day chart is 37.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.79%. Stochastics %K at 15.02% indicates the stock is a buying.
How much short interest is there in Regal Rexnord Corp?
A steep rise in short interest was recorded in Regal Rexnord Corp stocks on 2024-11-29, growing by 95108.0 shares to a total of 1.16 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.07 million shares. There was a rise of 8.18%, which implies that there is a positive sentiment for the stock.
