The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Richardson Electronics, Ltd shares valued at $133,470 were purchased by Ben Robert J on Nov 06 ’24. At $14.83 per share, Ben Robert J acquired 9,000 shares.
Also, Benham James purchased 500 shares, netting a total of over 6,825 in proceeds. Following the buying of shares at $13.65 each, the insider now holds 14,206 shares.
Before that, PLANTE PAUL J had added 3,823 shares to its account. In a trade valued at $50,961, the Director bought Richardson Electronics, Ltd shares for $13.33 each. Upon closing the transaction, the insider’s holdings increased to 3,823 shares, worth approximately $0.17 million.
As published in their initiating research note from Northland Capital on April 29, 2024, Richardson Electronics, Ltd [RELL] has been an Outperform and the price target has been revised to $13. Analysts at Feltl & Co. started covering the stock with ‘”a Buy”‘ outlook in a report released in early September.
Analyzing RELL Stock Performance
During the last five days, there has been a drop of approximately -8.34%. Over the course of the year, Richardson Electronics, Ltd shares have dropped approximately -8.34%. Shares of the company reached a 52-week high of $15.38 on 01/06/25 and a 52-week low of $12.50 on 01/08/25. A 50-day SMA is recorded $14.16, while a 200-day SMA reached $12.09. Nevertheless, trading volume fell to 0.18 million shares from 76100.0 shares the previous day.
Support And Resistance Levels for Richardson Electronics, Ltd (RELL)
According to the 24-hour chart, there is a support level at 12.33, which, if violated, would cause prices to drop to 11.79. In the upper region, resistance lies at 13.57. The next price resistance is at 14.27. RSI (Relative Strength Index) is 36.54 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.09, which suggests the price will decrease in the coming days. Percent R is at 88.04%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
