What’s Ahead for RigNet, Inc. (RNET) After Making All-Time Low?

RigNet, Inc. (NASDAQ:RNET) Logo

Investors sentiment increased to 1.2 in 2018 Q4. Its up 0.14, from 1.06 in 2018Q3. It increased, as 7 investors sold RigNet, Inc. shares while 18 reduced holdings. 10 funds opened positions while 20 raised stakes. 16.38 million shares or 1.05% more from 16.21 million shares in 2018Q3 were reported.
Parametric Portfolio Ltd Liability Company reported 43,048 shares. Strs Ohio reported 30,400 shares or 0% of all its holdings. Ny State Common Retirement Fund holds 0% or 14,900 shares. Arrowmark Colorado Limited Com holds 0.34% or 2.53 million shares. Morgan Stanley has 0% invested in RigNet, Inc. (NASDAQ:RNET). Vanguard Gp owns 0% invested in RigNet, Inc. (NASDAQ:RNET) for 559,590 shares. 23,219 were accumulated by Wells Fargo & Mn. 54,679 were accumulated by National Bank Of Ny Mellon Corp. Texas-based Bridgeway Capital Management Inc has invested 0% in RigNet, Inc. (NASDAQ:RNET). Citigroup stated it has 3,464 shares or 0% of all its holdings. Essex Mngmt Commerce Ltd Limited Liability Company accumulated 21,807 shares. Stephens Mngmt Grp Ltd Liability Com invested in 432,681 shares or 0.13% of the stock. Boston Partners has 0% invested in RigNet, Inc. (NASDAQ:RNET) for 96,300 shares. Barclays Public Limited Co invested in 12,412 shares or 0% of the stock. Kohlberg Kravis Roberts And Com Ltd Partnership accumulated 1.15% or 5.00 million shares.

Since November 15, 2018, it had 0 insider buys, and 1 insider sale for $45,951 activity. Another trade for 3,030 shares valued at $50,200 was sold by Mulloy Kevin C..

The stock of RigNet, Inc. (NASDAQ:RNET) reached all time low today, May, 17 and still has $7.74 target or 9.00 % below today’s $8.50 share price. This indicates more downside for the $165.45M company. This technical setup was reported by Barchart.com. If the $7.74 PT is reached, the company will be worth $14.89 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only.

The stock decreased 5.56% or $0.5 during the last trading session, reaching $8.5. About 19,537 shares traded. RigNet, Inc. (NASDAQ:RNET) has risen 14.52% since May 17, 2018 and is uptrending. It has outperformed by 10.15% the S&P500.

More notable recent RigNet, Inc. (NASDAQ:RNET) news were published by: Fool.com which released: “Why RigNet Inc Stock Is Sinking Today – The Motley Fool” on May 08, 2018, also Globenewswire.com with their article: “RigNet Announces Acquisition of Intelie, a Provider of Real-Time Streaming Analytics and Operational Intelligence – GlobeNewswire” published on January 17, 2018, Finance.Yahoo.com published: “RigNet Announces First Quarter 2019 Earnings Release Date and Earnings Call Information – Yahoo Finance” on April 24, 2019. More interesting news about RigNet, Inc. (NASDAQ:RNET) were released by: Bizjournals.com and their article: “Former RigNet CEO takes top spot at Canadian oil field tech co. – Houston Business Journal” published on April 08, 2019 as well as Fool.com‘s news article titled: “RigNet’s Results Continue to Show Improvement in Q1 – Motley Fool” with publication date: May 07, 2019.

RigNet, Inc. provides systems and solutions for clients with data networking and operational requirements the United States and internationally. The company has market cap of $165.45 million. The firm operates through two divisions, Managed Services; and Systems Integration and Automation. It currently has negative earnings. It offers remote communications services for offshore and onshore drilling rigs and production facilities, as well as support vessels and other remote sites; multiprotocol label switching global network services; proactive network monitoring and management through network activities centers; and systems integration services to design, assemble, install, and commission turn-key solutions for customer communications systems.

RigNet, Inc. (NASDAQ:RNET) Institutional Positions Chart

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