Ring Energy Inc’s filing revealed that its Director Roesener Regina unloaded Company’s shares for reported $20000.0 on Dec 23 ’24. In the deal valued at $1.25 per share,16,000 shares were sold. As a result of this transaction, Roesener Regina now holds 430,262 shares worth roughly $0.65 million.
Then, Roesener Regina bought 16,000 shares, generating $15,999 in total proceeds.
Before that, Warburg Pincus & Co US, LLC sold 4,400,000 shares. Ring Energy Inc shares valued at $7,128,000 were divested by the 10% Owner at a price of $1.62 per share. As a result of the transaction, Warburg Pincus & Co US, LLC now holds 35,520,643 shares, worth roughly $53.28 million.
ROTH Capital downgraded its Ring Energy Inc [REI] rating to a Neutral from a a Buy in a research note published on August 01, 2022; the price target was increased to $7.50 from $4.90. A number of analysts have revised their coverage, including ROTH Capital’s analysts, who increased its forecast for the stock in mid October from “a Neutral” to “a Buy”. Alliance Global Partners revised its rating on March 18, 2020. It rated REI as “a Neutral” which previously was an “a Buy”.
Price Performance Review of REI
On Monday, Ring Energy Inc [AMEX:REI] saw its stock jump 1.35% to $1.50. Over the last five days, the stock has gained 4.17%. Ring Energy Inc shares have risen nearly 10.29% since the year began. Nevertheless, the stocks have risen 5.63% over the past one year. While a 52-week high of $2.20 was reached on 01/10/25, a 52-week low of $1.21 was recorded on 01/02/25. SMA at 50 days reached $1.4518, while 200 days put it at $1.7020.
Levels Of Support And Resistance For REI Stock
The 24-hour chart illustrates a support level at 1.4767, which if violated will result in even more drops to 1.4533. On the upside, there is a resistance level at 1.5267. A further resistance level may holdings at 1.5533. The Relative Strength Index (RSI) on the 14-day chart is 62.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.1224, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 14.71%. Stochastics %K at 81.37% indicates the stock is a selling.
How much short interest is there in Ring Energy Inc?
A steep rise in short interest was recorded in Ring Energy Inc stocks on 2024-12-31, growing by 0.23 million shares to a total of 12.77 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 12.54 million shares. There was a rise of 1.81%, which implies that there is a positive sentiment for the stock.
