The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. RingCentral Inc shares valued at $40,344 were sold by THEIS ROBERT I on Mar 04 ’25. At $27.69 per share, THEIS ROBERT I sold 1,457 shares. The insider’s holdings dropped to 27,233 shares worth approximately $0.72 million following the completion of this transaction.
Also, Agarwal Vaibhav sold 24,784 shares, netting a total of over 709,566 in proceeds. Following the sale of shares at $28.63 each, the insider now holds 120,323 shares.
Before that, VAIBHAV AGARWAL had added 24,784 shares to its account. In a trade valued at $709,563, the Officer bought RingCentral Inc shares for $28.63 each.
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 -5.80%. Over the course of the year, RingCentral Inc shares have dropped approximately -24.82%. Shares of the company reached a 52-week high of $37.23 on 01/06/25 and a 52-week low of $26.22 on 03/13/25. A 50-day SMA is recorded $32.37, while a 200-day SMA reached $33.11.
Support And Resistance Levels for RingCentral Inc (RNG)
According to the 24-hour chart, there is a support level at 26.09, which, if violated, would cause prices to drop to 25.86. In the upper region, resistance lies at 26.68. The next price resistance is at 27.05. RSI (Relative Strength Index) is 23.24 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.18, which suggests the price will decrease in the coming days. Percent R is at 96.74%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
