Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Rambus Inc shares valued at $314,854 were sold by Rao Meera on Dec 12 ’24. At $58.22 per share, Rao Meera sold 5,408 shares. The insider’s holdings dropped to 29,090 shares worth approximately $1.54 million following the completion of this transaction.
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Also, Shinn John sold 2,462 shares, netting a total of over 143,123 in proceeds. Following the sale of shares at $58.13 each, the insider now holds 20,628 shares.
Before that, Rao Meera had added 5,408 shares to its account. In a trade valued at $314,854, the Director bought Rambus Inc shares for $58.22 each.
As published in their initiating research note from Robert W. Baird on November 26, 2024, Rambus Inc [RMBS] has been an Outperform and the price target has been revised to $90. Analysts at Loop Capital started covering the stock with ‘”a Buy”‘ outlook in a report released in mid November. As of November 06, 2024, Wells Fargo has initiated its “an Overweight” rating for RMBS. Earlier on May 18, 2023, Jefferies upgraded its rating. Their new recommendation was “a Buy” for RMBS stock which previously was a “a Hold”.
Analyzing RMBS Stock Performance
During the last five days, there has been a drop of approximately -2.06%. Over the course of the year, Rambus Inc shares have dropped approximately -22.55%. Shares of the company reached a 52-week high of $76.38 on 01/22/24 and a 52-week low of $37.42 on 09/06/24. A 50-day SMA is recorded $53.49, while a 200-day SMA reached $52.61. Nevertheless, trading volume fell to 0.63 million shares from 0.51 million shares the previous day.
Support And Resistance Levels for Rambus Inc (RMBS)
According to the 24-hour chart, there is a support level at 52.18, which, if violated, would cause prices to drop to 51.50. In the upper region, resistance lies at 53.87. The next price resistance is at 54.88. RSI (Relative Strength Index) is 42.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.89, which suggests the price will decrease in the coming days. Percent R is at 90.35%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
