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. Resources Connection Inc shares valued at $50,003 were purchased by Patel Bhadreskumar on Apr 07 ’25. At $5.05 per share, Patel Bhadreskumar acquired 9,900 shares. The insider’s holdings grew to 131,099 shares worth approximately $0.74 million following the completion of this transaction.
Also, Carlile Roger D purchased 25,000 shares, netting a total of over 126,500 in proceeds. Following the buying of shares at $5.06 each, the insider now holds 50,000 shares.
Before that, DUCHENE KATE W had added 20,000 shares to its account. In a trade valued at $102,800, the President & CEO bought Resources Connection Inc shares for $5.14 each. Upon closing the transaction, the insider’s holdings increased to 20,000 shares, worth approximately $3.21 million.
As published in a research note from BofA Securities on November 15, 2022, Resources Connection Inc [RGP] has been rated up from an Underperform to a Neutral and the price target has been revised to $58 from $49. Analysts at Sidoti started covering the stock with ‘”a Buy”‘ outlook in a report released in mid June.
Analyzing RGP Stock Performance
During the last five days, there has been a drop of approximately -15.38%. Over the course of the year, Resources Connection Inc shares have dropped approximately -34.23%. Shares of the company reached a 52-week high of $9.96 on 01/03/25 and a 52-week low of $4.81 on 04/04/25. A 50-day SMA is recorded $7.18, while a 200-day SMA reached $8.80.
Support And Resistance Levels for Resources Connection Inc (RGP)
According to the 24-hour chart, there is a support level at 5.19, which, if violated, would cause prices to drop to 4.78. In the upper region, resistance lies at 5.90. The next price resistance is at 6.20. RSI (Relative Strength Index) is 31.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.90, which suggests the price will decrease in the coming days. Percent R is at 61.90%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
