Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Rimini Street (RMNI) Share Price
News stories about Rimini Street (NASDAQ:RMNI) have been trending somewhat positive recently, according to Accern. The research group ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Rimini Street earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 46.9680707876458 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Rimini Street (RMNI) opened at $7.30 on Friday. Rimini Street has a one year low of $6.58 and a one year high of $10.40.
Separately, Cowen Inc began coverage on shares of Rimini Street in a research note on Monday, November 6th. They issued an “outperform” rating and a $13.00 price objective on the stock.
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In related news, major shareholder Polar Asset Management Partner sold 497,018 shares of Rimini Street stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $10.06, for a total value of $5,000,001.08. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Rimini Street Company Profile
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