In a filing, Ribbon Communications Inc revealed its Director INFANTE BEATRIZ V unloaded Company’s shares for reported $17602.0 on Sep 13 ’24. In the deal valued at $3.04 per share,5,790 shares were sold. As a result of this transaction, INFANTE BEATRIZ V now holds 303,549 shares worth roughly $1.41 million.
Then, INFANTE BEATRIZ V bought 5,790 shares, generating $17,602 in total proceeds.
Before that, LOPEZ MIGUEL A bought 2,000 shares. Ribbon Communications Inc shares valued at $5,798 were divested by the EVP, CFO at a price of $2.90 per share. As a result of the transaction, LOPEZ MIGUEL A now holds 280,875 shares, worth roughly $1.3 million.
Rosenblatt initiated its Ribbon Communications Inc [RBBN] rating to a Buy in a research note published on July 11, 2024; the price target was $5. Craig Hallum began covering RBBN with “Buy” recommendation on July 19, 2023. JMP Securities started covering the stock on April 10, 2023. It rated RBBN as “a Mkt outperform”.
Price Performance Review of RBBN
On Tuesday, Ribbon Communications Inc [NASDAQ:RBBN] saw its stock jump 1.31% to $4.64. Over the last five days, the stock has lost -9.73%. Ribbon Communications Inc shares have risen nearly 11.54% since the year began. Nevertheless, the stocks have risen 47.30% over the past one year. While a 52-week high of $5.38 was reached on 02/18/25, a 52-week low of $2.46 was recorded on 01/27/25. SMA at 50 days reached $4.22, while 200 days put it at $3.57.
Levels Of Support And Resistance For RBBN Stock
The 24-hour chart illustrates a support level at 4.57, which if violated will result in even more drops to 4.49. On the upside, there is a resistance level at 4.70. A further resistance level may holdings at 4.76. The Relative Strength Index (RSI) on the 14-day chart is 56.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.49%. Stochastics %K at 49.26% indicates the stock is a holding.
