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RPMGlobal Holdings Ltd ( (AU:RUL) ) just unveiled an update.
Morgan Stanley and certain subsidiaries have lodged a notice with RPMGlobal Holdings Limited indicating they have ceased to be a substantial shareholder in the ASX-listed mining software group. The change follows a series of buy and sell transactions in RPMGlobal ordinary shares and the return of more than one million borrowed shares, resulting in Morgan Stanley’s voting power falling below the substantial holding threshold, a shift that may alter the company’s institutional investor mix and could affect liquidity and trading dynamics in RPMGlobal stock.
The most recent analyst rating on (AU:RUL) stock is a Hold with a A$5.00 price target. To see the full list of analyst forecasts on RPMGlobal Holdings Ltd stock, see the AU:RUL Stock Forecast page.
More about RPMGlobal Holdings Ltd
RPMGlobal Holdings Limited is an Australian-listed company serving the mining sector, providing software solutions, advisory services and technology aimed at improving operational efficiency, planning and asset management for mining operations worldwide.
Average Trading Volume: 1,309,082
Technical Sentiment Signal: Buy
Current Market Cap: A$1.11B
For an in-depth examination of RUL stock, go to TipRanks’ Overview page.