RingCentral (RNG) Shares Cross Below 200 DMA Tuesday, August 8, 2:10 PM ET, by Market News Video Staff In trading on Tuesday, shares of RingCentral Inc (RNG) crossed below their 200 day moving ...
Interesting RNG Put And Call Options For October 13th Thursday, August 31, 11:33 AM ET, by Market News Video Staff Investors in RingCentral Inc (RNG) saw new options become available today, for the October 13th ...
RNG December 15th Options Begin Trading Friday, September 1, 11:12 AM ET, by Market News Video Staff Investors in RingCentral Inc (RNG) saw new options become available today, for the December 15th ...
September 2024 Options Now Available For RingCentral Monday, September 25, 1:56 PM ET, by Market News Video Staff Investors in RingCentral Inc (RNG) saw new options become available today, for the September 2024 ...
Top Buys by Top Brass: CEO & Chairman Shmunis's $500.7K Bet on RNG
By Market News Video Staff, Thursday, December 1, 12:14 PM ET
A company's own top management tend to have the best inside view into the business, so when company officers make major buys, investors are wise to take notice. Presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both. So in this series we look at the largest insider buys by the ''top brass'' over the trailing six month period, one of which was a total of $500.7K by Vladimir Shmunis, CEO & Chairman at RingCentral Inc (NYSE:RNG).
Shmunis bets big on RNG:
Purchased
Insider
Title
Shares
Price/Share
Value
06/14/2022
Vladimir Shmunis
CEO & Chairman
10,000
$50.07
$500,730.00
Shmunis's average cost works out to $50.07/share. In trading on Thursday, bargain hunters could buy shares of RingCentral Inc (NYSE:RNG) and achieve a cost basis lower than Shmunis, with shares changing hands as low as $36.75 per share. Shares of RingCentral Inc were changing hands at $38.30 at last check, trading up about 3.4% on Thursday. The chart below shows the one year performance of RNG shares, versus its 200 day moving average:
Looking at the chart above, RNG's low point in its 52 week range is $28 per share, with $216.65 as the 52 week high point — that compares with a last trade of $38.30.
This Article's Word Cloud:BetsBrassBuysChairmanChannelDividendInsiderInsidersLookingNYSENewsletterOfferPlacePremiumPresumablyPricePurchasedReceiveRingCentralShareSharesShmunisSpecialStartThursdayVladimiraveragebestbuyschangingchartcompanycosthandsinsiderlastmakemaybemdashpointsharesharesstocktakethattheirtheytradingweekwith
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