RingCentral Inc’s recently made public that its Officer VAIBHAV AGARWAL acquired Company’s shares for reported $0.71 million on Feb 28 ’25. In the deal valued at $28.63 per share,24,784 shares were bought.
Then, Marlow John H sold 35,089 shares, generating $1,002,059 in total proceeds. Upon selling the shares at $28.56, the SVP, CAdO & GENERAL COUNSEL now owns 313,510 shares.
Before that, Marlow John H sold 22,979 shares. RingCentral Inc shares valued at $662,302 were divested by the SVP, CAdO & GENERAL COUNSEL at a price of $28.82 per share. As a result of the transaction, Marlow John H now holds 348,599 shares, worth roughly $9.75 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 Monday, RingCentral Inc [NYSE:RNG] saw its stock fall -1.69% to $27.97. Over the last five days, the stock has lost -3.32%. RingCentral Inc shares have fallen nearly -20.11% since the year began. Nevertheless, the stocks have fallen -15.27% 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 02/24/25. SMA at 50 days reached $33.99, while 200 days put it at $33.48.
Levels Of Support And Resistance For RNG Stock
The 24-hour chart illustrates a support level at 27.50, which if violated will result in even more drops to 27.03. On the upside, there is a resistance level at 28.79. A further resistance level may holdings at 29.60. The Relative Strength Index (RSI) on the 14-day chart is 23.63, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.72, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.04%. Stochastics %K at 8.84% indicates the stock is a buying.
