Regal Rexnord Corp’s recently made public that its Chief Executive Officer Pinkham Louis V. unloaded Company’s shares for reported $1.58 million on Nov 07 ’24. In the deal valued at $180.03 per share,8,774 shares were sold. As a result of this transaction, Pinkham Louis V. now holds 149,618 shares worth roughly $21.6 million.
Then, Pinkham Louis V. bought 8,774 shares, generating $1,579,566 in total proceeds.
Jefferies initiated its Regal Rexnord Corp [RRX] rating to a Buy in a research note published on December 12, 2024; the price target was $215. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in mid October with a ‘”a Buy”‘ rating. Raymond James began covering RRX with “Mkt perform” recommendation on June 28, 2024. Wolfe Research revised its rating on December 11, 2023. It rated RRX as “an Outperform” which previously was an “a Peer perform”.
Price Performance Review of RRX
On Tuesday, Regal Rexnord Corp [NYSE:RRX] saw its stock fall -0.49% to $144.34. Over the last five days, the stock has gained 15.25%. Regal Rexnord Corp shares have fallen nearly -6.96% since the year began. Nevertheless, the stocks have fallen -10.35% over the past one year. While a 52-week high of $185.28 was reached on 01/24/25, a 52-week low of $90.56 was recorded on 04/07/25. SMA at 50 days reached $114.10, while 200 days put it at $148.74.
Levels Of Support And Resistance For RRX Stock
The 24-hour chart illustrates a support level at 143.08, which if violated will result in even more drops to 141.81. On the upside, there is a resistance level at 146.80. A further resistance level may holdings at 149.26. The Relative Strength Index (RSI) on the 14-day chart is 76.73, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 21.75, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.88%. Stochastics %K at 94.75% indicates the stock is a selling.
