Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Ribbon Communications Inc shares valued at $17,602 were sold by INFANTE BEATRIZ V on Sep 13 ’24. At $3.04 per share, INFANTE BEATRIZ V sold 5,790 shares. The insider’s holdings dropped to 303,549 shares worth approximately $1.27 million following the completion of this transaction.
Also, INFANTE BEATRIZ V purchased 5,790 shares, netting a total of over 17,602 in proceeds.
Before that, LOPEZ MIGUEL A had added 2,000 shares to its account. In a trade valued at $5,798, the EVP, CFO bought Ribbon Communications Inc shares for $2.90 each. Upon closing the transaction, the insider’s holdings increased to 2,000 shares, worth approximately $1.18 million.
As published in their initiating research note from Rosenblatt on July 11, 2024, Ribbon Communications Inc [RBBN] has been a Buy and the price target has been revised to $5. As of July 19, 2023, Craig Hallum has initiated its “Buy” rating for RBBN. Earlier on April 10, 2023, JMP Securities initiated its rating. Their recommendation was “a Mkt outperform” for RBBN stock.
Analyzing RBBN Stock Performance
During the last five days, there has been a surge of approximately 6.87%. Over the course of the year, Ribbon Communications Inc shares have jumped approximately 0.96%. Shares of the company reached a 52-week high of $4.34 on 02/05/25 and a 52-week low of $3.69 on 01/27/25. A 50-day SMA is recorded $4.02, while a 200-day SMA reached $3.47. Nevertheless, trading volume fell to 0.61 million shares from 0.28 million shares the previous day.
Support And Resistance Levels for Ribbon Communications Inc (RBBN)
According to the 24-hour chart, there is a support level at 4.08, which, if violated, would cause prices to drop to 3.96. In the upper region, resistance lies at 4.33. The next price resistance is at 4.45. RSI (Relative Strength Index) is 56.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.03, which suggests the price will decrease in the coming days. Percent R is at 20.93%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
