Rimini Street (RMNI) Earns Daily Coverage Optimism Rating of 0.06
News coverage about Rimini Street (NASDAQ:RMNI) has trended somewhat positive on Saturday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Rimini Street earned a news sentiment score of 0.06 on Accern’s scale. Accern also gave news articles about the company an impact score of 39.9962266208363 out of 100, meaning that recent news coverage is unlikely to have an effect on the company’s share price in the near future.
Shares of NASDAQ RMNI traded down $1.18 during midday trading on Friday, hitting $7.19. 215,800 shares of the company traded hands, compared to its average volume of 47,287. Rimini Street has a 12-month low of $5.00 and a 12-month high of $10.40.
In related news, President Sebastian Grady sold 10,298 shares of the business’s stock in a transaction dated Monday, July 9th. The shares were sold at an average price of $7.05, for a total transaction of $72,600.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold 107,454 shares of company stock worth $773,379 in the last quarter.
Rimini Street, Inc provides enterprise software support products and services to companies in various industries. The company offers support services for IBM, Microsoft, SAP, Oracle, and other enterprise software vendors' products. It sells its solutions primarily through direct sales organizations in North America, Latin America, Europe, Africa, the Middle East, Asia, and the Asia-Pacific.
Recommended Story: Why Dividend Stocks May Be Right for You
Receive News & Ratings for Rimini Street Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rimini Street and related companies with MarketBeat.com's FREE daily email newsletter.