In a filing, RingCentral Inc revealed 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 $0.37 million.
Wells Fargo downgraded its RingCentral Inc [RNG] rating to an Underweight from a an Equal weight in a research note published on January 07, 2025; the price target was decreased to $30 from $38. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in early January from “a Strong buy” to “an Outperform”. Mizuho also remained covering RNG and has decreased its forecast on December 13, 2024 with a “Neutral” recommendation from previously “an Outperform” rating. Rosenblatt revised its rating on August 02, 2024. It rated RNG as “a Buy” which previously was an “a Neutral”.
Price Performance Review of RNG
On Friday, RingCentral Inc [NYSE:RNG] saw its stock jump 0.76% to $34.65. Over the last five days, the stock has gained 3.37%. RingCentral Inc shares have fallen nearly -1.03% since the year began. Nevertheless, the stocks have fallen -4.15% 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 01/14/25. SMA at 50 days reached $36.67, while 200 days put it at $33.31.
Levels Of Support And Resistance For RNG Stock
The 24-hour chart illustrates a support level at 34.22, which if violated will result in even more drops to 33.80. On the upside, there is a resistance level at 35.14. A further resistance level may holdings at 35.64. The Relative Strength Index (RSI) on the 14-day chart is 46.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.50%. Stochastics %K at 46.30% 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 2024-12-31, dropping by -1.22 million shares to a total of 5.0 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 6.22 million shares. There was a decline of -24.47%, which implies that there is a negative sentiment for the stock.
