RingCentral Inc’s recent filing unveils that its 10% Owner 2015 VEN C TRS FBO EDWARD B VE acquired Company’s shares for reported $0.33 million on Dec 13 ’24. In the deal valued at $41.00 per share,8,017 shares were bought.
Then, 2015 VENDROW C TRT FBO JOSH VE bought 8,018 shares, generating $328,738 in total proceeds.
Before that, SEGAL NED D. sold 2,914 shares. RingCentral Inc shares valued at $121,222 were divested by the Director at a price of $41.60 per share. As a result of the transaction, SEGAL NED D. now holds 10,633 shares, worth roughly $0.39 million.
Raymond James downgraded its RingCentral Inc [RNG] rating to an Outperform from a a Strong buy in a research note published on January 03, 2025; the price target was decreased to $45 from $50. A number of analysts have revised their coverage, including Mizuho’s analysts, who decreased its forecast for the stock in mid December from “an Outperform” to “a Neutral”. Rosenblatt also remained covering RNG and has increased its forecast on August 02, 2024 with a “Buy” recommendation from previously “Neutral” rating. Wells Fargo revised its rating on December 20, 2023. It rated RNG as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of RNG
On Monday, RingCentral Inc [NYSE:RNG] saw its stock jump 3.87% to $36.77. Over the last five days, the stock has gained 1.83%. RingCentral Inc shares have risen nearly 5.03% since the year began. Nevertheless, the stocks have risen 18.38% over the past one year. While a 52-week high of $42.19 was reached on 01/06/25, a 52-week low of $26.98 was recorded on 01/03/25. SMA at 50 days reached $37.22, while 200 days put it at $33.33.
Levels Of Support And Resistance For RNG Stock
The 24-hour chart illustrates a support level at 35.90, which if violated will result in even more drops to 35.02. On the upside, there is a resistance level at 37.44. A further resistance level may holdings at 38.10. The Relative Strength Index (RSI) on the 14-day chart is 48.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.05%. Stochastics %K at 21.12% indicates the stock is a holding.
How much short interest is there in RingCentral Inc?
A steep rise in short interest was recorded in RingCentral Inc stocks on 2024-12-13, dropping by -1.17 million shares to a total of 4.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 5.97 million shares. There was a decline of -24.32%, which implies that there is a negative sentiment for the stock.
