RingCentral Inc’s recent filing unveils that its Officer Vladimir G. Shmunis acquired Company’s shares for reported $5.49 million on Feb 21 ’25. In the deal valued at $28.95 per share,189,672 shares were bought.
Then, John H. Marlow bought 58,068 shares, generating $1,681,069 in total proceeds.
Before that, 2015 VEN C TRS FBO EDWARD B VE bought 8,017 shares. RingCentral Inc shares valued at $328,697 were divested by the 10% Owner at a price of $41.00 per share.
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 Friday, RingCentral Inc [NYSE:RNG] saw its stock fall -5.91% to $28.95. Over the last five days, the stock has lost -17.71%. RingCentral Inc shares have fallen nearly -17.31% since the year began. Nevertheless, the stocks have fallen -6.19% 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 02/21/25. SMA at 50 days reached $35.46, 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 28.13, which if violated will result in even more drops to 27.32. On the upside, there is a resistance level at 29.88. A further resistance level may holdings at 30.82. The Relative Strength Index (RSI) on the 14-day chart is 26.53, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.00%. Stochastics %K at 8.82% indicates the stock is a buying.
