Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. RingCentral Inc shares valued at $1,002,059 were sold by Marlow John H on Feb 24 ’25. At $28.56 per share, Marlow John H sold 35,089 shares. The insider’s holdings dropped to 313,510 shares worth approximately $8.97 million following the completion of this transaction.
Also, Marlow John H sold 22,979 shares, netting a total of over 662,302 in proceeds. Following the sale of shares at $28.82 each, the insider now holds 348,599 shares.
Before that, Shmunis Vladimir had sold 123,560 shares from its account. In a trade valued at $3,528,910, the CEO and Chairman traded RingCentral Inc shares for $28.56 each. Upon closing the transaction, the insider’s holdings decreased to 123,560 shares, worth approximately $12.72 million.
As published in a research note from Barclays on January 27, 2025, RingCentral Inc [RNG] has been rated down from an Overweight to an Equal weight and the price target has been revised to $37 from $45. Analysts at Wells Fargo downgraded the stock from ‘”an Equal weight”‘ to ‘”an Underweight”‘ outlook in a report released in early January. As of January 03, 2025, Raymond James has decreased its “Strong buy” rating to a “an Outperform” for RNG. Earlier on December 13, 2024, Mizuho downgraded its rating. Their new recommendation was “a Neutral” for RNG stock which previously was a “an Outperform”.
Analyzing RNG Stock Performance
During the last five days, there has been a drop of approximately -7.05%. Over the course of the year, RingCentral Inc shares have dropped approximately -18.31%. Shares of the company reached a 52-week high of $37.23 on 01/06/25 and a 52-week low of $27.67 on 02/24/25. A 50-day SMA is recorded $34.44, while a 200-day SMA reached $33.56. Nevertheless, trading volume fell to 1.98 million shares from 2.32 million shares the previous day.
Support And Resistance Levels for RingCentral Inc (RNG)
According to the 24-hour chart, there is a support level at 28.30, which, if violated, would cause prices to drop to 27.99. In the upper region, resistance lies at 29.06. The next price resistance is at 29.51. RSI (Relative Strength Index) is 25.56 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.23, which suggests the price will decrease in the coming days. Percent R is at 87.73%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
