Key Points
- Cetera Wealth Services sold 116,000 shares of RPGL on March 2 at an average price of $2.02 for $234,320, cutting its stake by 9.89% to 1,057,454 shares (SEC Form 4 filed).
- The firm had bought 1,298,172 shares on February 24 at $7.20 (~$9.35M) but subsequently sold multiple tranches between February 24 and March 6, totaling approximately 465,370 shares, indicating rapid turnover of the position.
- RPGL shares recently traded around $1.31 (52-week range: $1.26–$103.80) and have a recent Sell rating from Weiss Ratings and an overall analyst consensus of "Sell."
RPGL (NASDAQ:RPGL - Get Free Report) major shareholder Cetera Wealth Services, Llc sold 35,357 shares of the stock in a transaction on Thursday, March 5th. The shares were sold at an average price of $1.50, for a total value of $53,035.50. Following the sale, the insider owned 876,866 shares in the company, valued at approximately $1,315,299. This represents a 3.88% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.
Cetera Wealth Services, Llc also recently made the following trade(s):
- On Friday, March 6th, Cetera Wealth Services, Llc sold 44,064 shares of RPGL stock. The stock was sold at an average price of $1.30, for a total value of $57,283.20.
- On Wednesday, March 4th, Cetera Wealth Services, Llc sold 74,615 shares of RPGL stock. The shares were sold at an average price of $1.66, for a total value of $123,860.90.
- On Tuesday, March 3rd, Cetera Wealth Services, Llc sold 70,616 shares of RPGL stock. The shares were sold at an average price of $1.91, for a total value of $134,876.56.
- On Monday, March 2nd, Cetera Wealth Services, Llc sold 116,000 shares of RPGL stock. The stock was sold at an average price of $2.02, for a total value of $234,320.00.
- On Friday, February 27th, Cetera Wealth Services, Llc sold 100,298 shares of RPGL stock. The stock was sold at an average price of $2.12, for a total value of $212,631.76.
- On Thursday, February 26th, Cetera Wealth Services, Llc sold 1,312 shares of RPGL stock. The shares were sold at an average price of $5.01, for a total transaction of $6,573.12.
- On Wednesday, February 25th, Cetera Wealth Services, Llc sold 9,191 shares of RPGL stock. The shares were sold at an average price of $6.05, for a total transaction of $55,605.55.
- On Tuesday, February 24th, Cetera Wealth Services, Llc sold 13,917 shares of RPGL stock. The stock was sold at an average price of $7.43, for a total transaction of $103,403.31.
- On Tuesday, February 24th, Cetera Wealth Services, Llc bought 1,298,172 shares of RPGL stock. The shares were acquired at an average cost of $7.20 per share, with a total value of $9,346,838.40.
RPGL Stock Down 14.9%
Shares of RPGL stock traded down $0.23 during trading hours on Friday, reaching $1.31. 1,048,992 shares of the company traded hands, compared to its average volume of 551,058. RPGL has a 12-month low of $1.26 and a 12-month high of $103.80.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings initiated coverage on shares of RPGL in a report on Friday, January 30th. They issued a "sell (e-)" rating for the company. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, RPGL has a consensus rating of "Sell".
Read Our Latest Report on RPGL
About RPGL
(
Get Free Report)
Republic Power Group Limited is a provider of customized enterprise resource planning software solutions, consulting and technical support services and peripheral hardware. Republic Power Group Limited is based in Singapore.
Further Reading
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