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. Ribbon Communications Inc shares valued at $51 were purchased by JPMORGAN CHASE & CO on Apr 09 ’25. At $3.67 per share, JPMORGAN CHASE & CO acquired 14 shares. The insider’s holdings grew to 52,036,586 shares worth approximately $190.45 million following the completion of this transaction.
Also, INFANTE BEATRIZ V sold 5,790 shares, netting a total of over 17,602 in proceeds. Following the sale of shares at $3.04 each, the insider now holds 303,549 shares.
Before that, INFANTE BEATRIZ V had added 5,790 shares to its account. In a trade valued at $17,602, the Director bought Ribbon Communications Inc shares for $3.04 each.
As published in their initiating research note from Rosenblatt on July 11, 2024, Ribbon Communications Inc [RBBN] has been a Buy and the price target has been revised to $5. As of July 19, 2023, Craig Hallum has initiated its “Buy” rating for RBBN. Earlier on April 10, 2023, JMP Securities initiated its rating. Their recommendation was “a Mkt outperform” for RBBN stock.
Analyzing RBBN Stock Performance
During the last five days, there has been a surge of approximately 20.00%. Over the course of the year, Ribbon Communications Inc shares have dropped approximately -12.02%. Shares of the company reached a 52-week high of $5.38 on 02/18/25 and a 52-week low of $3.01 on 05/06/25. A 50-day SMA is recorded $3.67, while a 200-day SMA reached $3.71.
Support And Resistance Levels for Ribbon Communications Inc (RBBN)
According to the 24-hour chart, there is a support level at 3.52, which, if violated, would cause prices to drop to 3.38. In the upper region, resistance lies at 3.75. The next price resistance is at 3.84. RSI (Relative Strength Index) is 56.68 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.19, which suggests the price will decrease in the coming days. Percent R is at 17.20%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
