In a filing, Rambus Inc revealed its Director Rao Meera unloaded Company’s shares for reported $0.31 million on Dec 12 ’24. In the deal valued at $58.22 per share,5,408 shares were sold. As a result of this transaction, Rao Meera now holds 29,090 shares worth roughly $1.58 million.
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Then, Shinn John sold 2,462 shares, generating $143,123 in total proceeds. Upon selling the shares at $58.13, the SVP, General Counsel now owns 20,628 shares.
Before that, Rao Meera bought 5,408 shares. Rambus Inc shares valued at $314,854 were divested by the Director at a price of $58.22 per share.
Robert W. Baird initiated its Rambus Inc [RMBS] rating to an Outperform in a research note published on November 26, 2024; the price target was $90. A number of analysts have revised their coverage, including Loop Capital’s analysts, who began to cover the stock in mid November with a ‘”a Buy”‘ rating. Wells Fargo began covering RMBS with “an Overweight” recommendation on November 06, 2024. Jefferies revised its rating on May 18, 2023. It rated RMBS as “a Buy” which previously was an “a Hold”.
Price Performance Review of RMBS
On Friday, Rambus Inc [NASDAQ:RMBS] saw its stock fall -0.80% to $54.24. Over the last five days, the stock has gained 1.16%. Rambus Inc shares have fallen nearly -20.53% since the year began. Nevertheless, the stocks have fallen -20.81% over the past one year. While a 52-week high of $76.38 was reached on 01/22/24, a 52-week low of $37.42 was recorded on 09/06/24. SMA at 50 days reached $53.03, while 200 days put it at $52.68.
Levels Of Support And Resistance For RMBS Stock
The 24-hour chart illustrates a support level at 53.28, which if violated will result in even more drops to 52.32. On the upside, there is a resistance level at 54.93. A further resistance level may holdings at 55.61. The Relative Strength Index (RSI) on the 14-day chart is 46.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.81, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.27%. Stochastics %K at 28.14% indicates the stock is a holding.
How much short interest is there in Rambus Inc?
A steep rise in short interest was recorded in Rambus Inc stocks on 2024-12-13, dropping by -0.26 million shares to a total of 3.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 3.45 million shares. There was a decline of -8.13%, which implies that there is a negative sentiment for the stock.
