RingCentral Inc’s filing revealed that its Director THEIS ROBERT I unloaded Company’s shares for reported $40344.0 on Mar 04 ’25. In the deal valued at $27.69 per share,1,457 shares were sold. As a result of this transaction, THEIS ROBERT I now holds 27,233 shares worth roughly $0.74 million.
Then, Agarwal Vaibhav sold 24,784 shares, generating $709,566 in total proceeds. Upon selling the shares at $28.63, the CTrO and Deputy CFO now owns 120,323 shares.
Before that, VAIBHAV AGARWAL bought 24,784 shares. RingCentral Inc shares valued at $709,563 were divested by the Officer at a price of $28.63 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 Monday, RingCentral Inc [NYSE:RNG] saw its stock fall -3.74% to $26.99. Over the last five days, the stock has lost -3.50%. RingCentral Inc shares have fallen nearly -22.91% since the year began. Nevertheless, the stocks have fallen -16.41% 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 03/10/25. SMA at 50 days reached $32.98, while 200 days put it at $33.24.
Levels Of Support And Resistance For RNG Stock
The 24-hour chart illustrates a support level at 26.41, which if violated will result in even more drops to 25.82. On the upside, there is a resistance level at 27.81. A further resistance level may holdings at 28.62. The Relative Strength Index (RSI) on the 14-day chart is 24.08, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.10%. Stochastics %K at 9.37% indicates the stock is a buying.
