Insider Selling: Karanikolas Michael, Revolve Group Inc. [RVLV] CO-CHIEF EXECUTIVE OFFICER divested 66,211 shares

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Revolve Group Inc. shares valued at $3,496,524 were sold by Karanikolas Michael on Apr 07. At $52.81 per share, Karanikolas Michael sold 66,211 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.

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Also, MMMK Development, Inc. sold 66,211 shares, netting a total of over 3,496,524 in proceeds. Following the sale of shares at $52.81 each, the insider now holds 0 shares.

Before that, Mente Michael had sold 66,211 shares from its account. In a trade valued at $3,496,524, the CO-CHIEF EXECUTIVE OFFICER traded Revolve Group Inc. shares for $52.81 each. Upon closing the transaction, the insider’s holdings decreased to 66,211 shares, worth approximately $0.0.

As published in a research note from Barclays on August 15, 2022, Revolve Group Inc. [RVLV] has been rated down from an Equal weight to an Underweight and the price target has been revised to $20 from $30. This represents a -23.05% premium over Wednesday’s closing price. Analysts at Wedbush downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in early August. As of July 26, 2022, BofA Securities has decreased its “Buy” rating to a “an Underperform” for RVLV.

Analyzing RVLV’s Price Performance

On Wednesday, Revolve Group Inc. [NYSE: RVLV] plunged -0.93% to $24.61. The stock’s lowest price that day was $24.43, but it reached a high of $25.715 in the same session. During the last five days, there has been a drop of approximately -1.28%. Over the course of the year, Revolve Group Inc. shares have dropped approximately -56.08%. Shares of the company reached a 52-week high of $63.92 on 02/11/22 and a 52-week low of $22.27 on 08/22/22. A 50-day SMA is recorded $26.44, while a 200-day SMA reached $40.40. Nevertheless, trading volume fell to 1.09 million shares from 0.95 million shares the previous day.

Support And Resistance Levels for Revolve Group Inc. (RVLV)

According to the 24-hour chart, there is a support level at 24.12, which, if violated, would cause prices to drop to 23.63. In the upper region, resistance lies at 25.41. The next price resistance is at 26.20. RSI (Relative Strength Index) is 45.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.06, which suggests the price will decrease in the coming days. Percent R is at 64.76%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Revolve Group Inc. subject to short interest?

Stocks of Revolve Group Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 4.09 million shares to 9.73 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 5.64 million shares. A jump of 42.03% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 6.96 of the overall float, the days-to-cover ratio (short ratio) jumped to 6.96.

Which companies own the most shares of Revolve Group Inc. (RVLV)?

According to Fidelity Management & Research Co filings, the company currently owns 6,106,517 shares, which is about 14.99% of the total RVLV shares outstanding. The investor’s shares have appreciated by 22,186 from its previous 13-F filing of 6084331.0 shares. With the completion of the buy transaction, William Blair Investment Manageme’s stake is now worth $137,180,496. Kayne Anderson Rudnick Investment acquire a 895.08% interest valued at $128.0 million while The Vanguard Group, Inc. purchased a 57,633 stake. A total of 198,562 shares of Revolve Group Inc. were bought by BlackRock Fund Advisors during the quarter, and 536,678 were bought by Fisher Asset Management LLC. In its current portfolio, Marshall Wace LLP holds 1,862,099 shares valued at $43.74 million.

In terms of Revolve Group Inc. share price expectations, FactSet research, analysts set an average price target of $30.44 in the next 12 months, up nearly 28.82% from the previous closing price of $24.84. Analysts anticipate Revolve Group Inc. stock to reach $40.00 by 2022, with the lowest price target being $20.00. In spite of this, 19 analysts ranked Revolve Group Inc. stock as an Overweight at the end of 2022. On July 21, 2022, KeyBanc Capital Markets assigned a price target of “an Overweight” to the stock and initiated coverage with a $36.


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