Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Ring Energy Inc shares valued at $15,999 were purchased by Roesener Regina on Dec 23 ’24. At $1.00 per share, Roesener Regina acquired 16,000 shares.
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Also, Warburg Pincus & Co US, LLC sold 4,400,000 shares, netting a total of over 7,128,000 in proceeds. Following the sale of shares at $1.62 each, the insider now holds 35,520,643 shares.
Before that, Warburg Pincus (E&P) XII LLC had sold 4,400,000 shares from its account. In a trade valued at $7,128,000, the 10% Owner traded Ring Energy Inc shares for $1.62 each. Upon closing the transaction, the insider’s holdings decreased to 4,400,000 shares, worth approximately $45.47 million.
As published in a research note from ROTH Capital on August 01, 2022, Ring Energy Inc [REI] has been rated down from a Buy to a Neutral and the price target has been revised to $7.50 from $4.90. Analysts at ROTH Capital upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid October. Earlier on March 18, 2020, Alliance Global Partners downgraded its rating. Their new recommendation was “a Neutral” for REI stock which previously was a “a Buy”.
Analyzing REI Stock Performance
During the last five days, there has been a drop of approximately -3.05%. Over the course of the year, Ring Energy Inc shares have dropped approximately -12.35%. Shares of the company reached a 52-week high of $2.1978 on 04/12/24 and a 52-week low of $1.2100 on 12/23/24. A 50-day SMA is recorded $1.4806, while a 200-day SMA reached $1.7264. Nevertheless, trading volume fell to 1.25 million shares from 2.49 million shares the previous day.
Support And Resistance Levels for Ring Energy Inc (REI)
According to the 24-hour chart, there is a support level at 1.2367, which, if violated, would cause prices to drop to 1.1933. In the upper region, resistance lies at 1.3067. The next price resistance is at 1.3333. RSI (Relative Strength Index) is 35.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0943, which suggests the price will decrease in the coming days. Percent R is at 75.00%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
