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. RingCentral Inc shares valued at $2,522,031 were sold by Shmunis Vladimir on May 21 ’25. At $26.56 per share, Shmunis Vladimir sold 94,956 shares. The insider’s holdings dropped to 607,719 shares worth approximately $16.13 million following the completion of this transaction.
Also, Shmunis Vladimir sold 54,899 shares, netting a total of over 1,451,584 in proceeds. Following the sale of shares at $26.44 each, the insider now holds 552,820 shares.
Before that, Agarwal Vaibhav had sold 14,969 shares from its account. In a trade valued at $402,382, the CTrO and Deputy CFO traded RingCentral Inc shares for $26.88 each. Upon closing the transaction, the insider’s holdings decreased to 14,969 shares, worth approximately $4.09 million.
Analysts at Barclays downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in late January. As of January 07, 2025, Wells Fargo has decreased its “an Equal weight” rating to a “an Underweight” for RNG. Earlier on January 03, 2025, Raymond James downgraded its rating. Their new recommendation was “an Outperform” for RNG stock which previously was a “a Strong buy”.
Analyzing RNG Stock Performance
During the last five days, there has been a drop of approximately -5.21%. Over the course of the year, RingCentral Inc shares have dropped approximately -24.16%. Shares of the company reached a 52-week high of $37.23 on 01/06/25 and a 52-week low of $20.58 on 04/07/25.
Support And Resistance Levels for RingCentral Inc (RNG)
According to the 24-hour chart, there is a support level at 26.16, which, if violated, would cause prices to drop to 25.77. In the upper region, resistance lies at 26.79. The next price resistance is at 27.03. RSI (Relative Strength Index) is 51.41 on the 14-day chart, showing neutral technical sentiment.
