Somewhat Positive News Coverage Somewhat Unlikely to Affect Rimini Street (RMNI) Stock Price

Media headlines about Rimini Street (NASDAQ:RMNI) have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies positive and negative media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Rimini Street earned a news impact score of 0.14 on Accern’s scale. Accern also gave press coverage about the company an impact score of 47.4002827659196 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Separately, Cowen and Company assumed coverage on shares of Rimini Street in a report on Monday, November 6th. They issued an “outperform” rating and a $13.00 price objective for the company.

Shares of Rimini Street (NASDAQ RMNI) traded down $0.51 during midday trading on Monday, hitting $8.71. 2,400 shares of the stock were exchanged, compared to its average volume of 56,799. Rimini Street has a fifty-two week low of $8.30 and a fifty-two week high of $10.40.

In other news, major shareholder Polar Asset Management Partner sold 497,018 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $10.06, for a total transaction of $5,000,001.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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