RingCentral Inc’s recently made public that 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 $0.36 million.
Barclays downgraded its RingCentral Inc [RNG] rating to an Equal weight from a an Overweight in a research note published on January 27, 2025; the price target was decreased to $37 from $45. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in early January from “an Equal weight” to “an Underweight”. Raymond James also remained covering RNG and has decreased its forecast on January 03, 2025 with a “an Outperform” recommendation from previously “Strong buy” rating. Mizuho revised its rating on December 13, 2024. It rated RNG as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of RNG
On Tuesday, RingCentral Inc [NYSE:RNG] saw its stock jump 0.21% to $33.81. Over the last five days, the stock has lost -2.90%. RingCentral Inc shares have fallen nearly -3.43% since the year began. Nevertheless, the stocks have risen 4.13% 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 $36.02, while 200 days put it at $33.63.
Levels Of Support And Resistance For RNG Stock
The 24-hour chart illustrates a support level at 33.08, which if violated will result in even more drops to 32.35. On the upside, there is a resistance level at 34.36. A further resistance level may holdings at 34.91. The Relative Strength Index (RSI) on the 14-day chart is 43.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.75%. Stochastics %K at 22.53% indicates the stock is a holding.
