Taking this into account, Citigroup upgraded its RPC, Inc [RES] rating to a Neutral from a a Sell in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in mid June from “a Neutral” to “a Sell”. Johnson Rice also remained covering RES and has increased its forecast on April 28, 2022 with a “Accumulate” recommendation from previously “Hold” rating. Citigroup revised its rating on September 13, 2021. It rated RES as “a Neutral” which previously was an “a Sell”.
Price Performance Review of RES
On Monday, RPC, Inc [NYSE:RES] saw its stock fall -1.79% to $4.94. Over the last five days, the stock has gained 2.07%. RPC, Inc shares have fallen nearly -16.84% since the year began. Nevertheless, the stocks have fallen -35.42% over the past one year. While a 52-week high of $8.14 was reached on 01/17/25, a 52-week low of $4.10 was recorded on 04/07/25. SMA at 50 days reached $5.41, while 200 days put it at $6.06.
Levels Of Support And Resistance For RES Stock
The 24-hour chart illustrates a support level at 4.86, which if violated will result in even more drops to 4.79. On the upside, there is a resistance level at 4.99. A further resistance level may holdings at 5.05. The Relative Strength Index (RSI) on the 14-day chart is 46.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.09%. Stochastics %K at 54.55% indicates the stock is a holding.
How much short interest is there in RPC, Inc?
A steep rise in short interest was recorded in RPC, Inc stocks on 2025-03-31, dropping by -2.89 million shares to a total of 15.44 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 18.33 million shares. There was a decline of -18.71%, which implies that there is a negative sentiment for the stock.
