RingCentral Inc’s recently made public that its CEO and Chairman Shmunis Vladimir unloaded Company’s shares for reported $2.52 million on May 21 ’25. In the deal valued at $26.56 per share,94,956 shares were sold. As a result of this transaction, Shmunis Vladimir now holds 607,719 shares worth roughly $15.79 million.
Then, Shmunis Vladimir sold 54,899 shares, generating $1,451,584 in total proceeds. Upon selling the shares at $26.44, the CEO and Chairman now owns 552,820 shares.
Before that, Agarwal Vaibhav sold 14,969 shares. RingCentral Inc shares valued at $402,382 were divested by the CTrO and Deputy CFO at a price of $26.88 per share. As a result of the transaction, Agarwal Vaibhav now holds 153,900 shares, worth roughly $4.0 million.
A number of analysts have revised their coverage, including Barclays’s analysts, who decreased its forecast for the stock in late January from “an Overweight” to “an Equal weight”. Wells Fargo also remained covering RNG and has decreased its forecast on January 07, 2025 with a “an Underweight” recommendation from previously “an Equal weight” rating. Raymond James revised its rating on January 03, 2025. It rated RNG as “an Outperform” which previously was an “a Strong buy”.
Price Performance Review of RNG
On Monday, RingCentral Inc [NYSE:RNG] saw its stock jump 0.23% to $25.99. Over the last five days, the stock has gained 0.23%. RingCentral Inc shares have fallen nearly -25.76% since the year began. Nevertheless, the stocks have fallen -24.73% over the past one year. While a 52-week high of $42.19 was reached on 01/06/25, a 52-week low of $20.58 was recorded on 04/07/25. SMA at 50 days reached $25.46, while 200 days put it at $31.44.
Levels Of Support And Resistance For RNG Stock
The 24-hour chart illustrates a support level at 25.50, which if violated will result in even more drops to 25.02. On the upside, there is a resistance level at 26.27. A further resistance level may holdings at 26.56. The Relative Strength Index (RSI) on the 14-day chart is 47.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.89, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.10%. Stochastics %K at 14.79% indicates the stock is a buying.
