Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Ryan Specialty Holdings Inc shares valued at $2,309,489 were sold by CORTEZI NICHOLAS DOMINIC on Jan 15 ’25. At $65.99 per share, CORTEZI NICHOLAS DOMINIC sold 35,000 shares. The insider’s holdings dropped to 35,609 shares worth approximately $2.36 million following the completion of this transaction.
Also, CORTEZI NICHOLAS DOMINIC sold 35,000 shares, netting a total of over 2,288,791 in proceeds. Following the sale of shares at $65.39 each, the insider now holds 40,509 shares.
Before that, CORTEZI NICHOLAS DOMINIC had sold 29,466 shares from its account. In a trade valued at $1,917,146, the Director traded Ryan Specialty Holdings Inc shares for $65.06 each. Upon closing the transaction, the insider’s holdings decreased to 29,466 shares, worth approximately $3.01 million.
As published in their initiating research note from Morgan Stanley on December 05, 2024, Ryan Specialty Holdings Inc [RYAN] has been an Overweight and the price target has been revised to $90. Analysts at BMO Capital Markets upgraded the stock from ‘”a Market perform”‘ to ‘”an Outperform”‘ outlook in a report released in late September. As of September 05, 2024, Barclays has initiated its “an Overweight” rating for RYAN. Earlier on July 11, 2024, Wells Fargo downgraded its rating. Their new recommendation was “an Equal weight” for RYAN stock which previously was a “an Overweight”.
Analyzing RYAN Stock Performance
During the last five days, there has been a surge of approximately 9.15%. Over the course of the year, Ryan Specialty Holdings Inc shares have jumped approximately 3.34%. Shares of the company reached a 52-week high of $67.00 on 01/15/25 and a 52-week low of $59.89 on 01/10/25. A 50-day SMA is recorded $68.29, while a 200-day SMA reached $61.92. Nevertheless, trading volume fell to 0.7 million shares from 1.29 million shares the previous day.
Support And Resistance Levels for Ryan Specialty Holdings Inc (RYAN)
According to the 24-hour chart, there is a support level at 65.61, which, if violated, would cause prices to drop to 64.91. In the upper region, resistance lies at 67.00. The next price resistance is at 67.69. RSI (Relative Strength Index) is 54.04 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.32, which suggests the price will increase in the coming days. Percent R is at 9.85%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
