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. Ring Energy Inc shares valued at $57,500 were purchased by CRUM JOHN A on Apr 01 ’25. At $1.15 per share, CRUM JOHN A acquired 50,000 shares. The insider’s holdings grew to 564,125 shares worth approximately $0.66 million following the completion of this transaction.
Also, McKinney Paul D. purchased 200,000 shares, netting a total of over 215,200 in proceeds. Following the buying of shares at $1.08 each, the insider now holds 2,966,054 shares.
Before that, Warburg Pincus (E&P) XII LLC had sold 6,575,000 shares from its account. In a trade valued at $8,087,250, the 10% Owner traded Ring Energy Inc shares for $1.23 each. Upon closing the transaction, the insider’s holdings decreased to 6,575,000 shares, worth approximately $33.87 million.
As published in a research note from ROTH Capital on August 01, 2022, Ring Energy Inc [REI] has been rated down from a Buy to a Neutral and the price target has been revised to $7.50 from $4.90. Analysts at ROTH Capital upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid October. Earlier on March 18, 2020, Alliance Global Partners downgraded its rating. Their new recommendation was “a Neutral” for REI stock which previously was a “a Buy”.
Analyzing REI Stock Performance
During the last five days, there has been a drop of approximately -4.10%. Over the course of the year, Ring Energy Inc shares have dropped approximately -13.97%. Shares of the company reached a 52-week high of $1.5500 on 01/10/25 and a 52-week low of $1.0500 on 03/10/25. A 50-day SMA is recorded $1.2610, while a 200-day SMA reached $1.5360.
Support And Resistance Levels for Ring Energy Inc (REI)
According to the 24-hour chart, there is a support level at 1.1500, which, if violated, would cause prices to drop to 1.1300. In the upper region, resistance lies at 1.1900. The next price resistance is at 1.2100. RSI (Relative Strength Index) is 45.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0321, which suggests the price will decrease in the coming days. Percent R is at 64.29%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
