Home Stock Earnings REZI (Resideo Technologies Inc.) may reap gains as insiders became active recently

REZI (Resideo Technologies Inc.) may reap gains as insiders became active recently

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REZI (Resideo Technologies Inc.) may reap gains as insiders became active recently
MDNA

Resideo Technologies Inc.’s filing revealed that its President, ADI Aarnes Robert B unloaded Company’s shares for reported $1.51 million on May 25. In the deal valued at $23.03 per share,65,500 shares were sold. As a result of this transaction, Aarnes Robert B now holds 155,081 shares worth roughly $ 2.55 million.


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Imperial Capital downgraded its Resideo Technologies Inc. [REZI] rating to an In-line from a an Outperform in a research note published on Monday. PT values the company’s stock at a premium of 39.11 to its Monday closing price. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in mid March with a ‘”an Equal-weight”‘ rating. ROTH Capital also remained covering REZI and has decreased its forecast on March 11, 2021 with a “Neutral” recommendation from previously “Buy” rating. William Blair started covering the stock on March 03, 2021. It rated REZI as “a Mkt perform”.

Price Performance Review of REZI

On Monday, Resideo Technologies Inc. [NYSE:REZI] saw its stock jump 2.24% to $16.44. On the same session, the stock had its day’s lowest price of $16.09, but rose to a high of $16.618. Over the last five days, the stock has lost -30.40%. Resideo Technologies Inc. shares have fallen nearly -36.84% since the year began. Nevertheless, the stocks have fallen -37.87% over the past one year. While a 52-week high of $28.35 was reached on 01/05/22, a 52-week low of $14.95 was recorded on 11/03/22. SMA at 50 days reached $20.62, while 200 days put it at $22.49. A total of 0.59 million shares were traded, compared to the trading of 2.3 million shares in the previous session.

Levels Of Support And Resistance For REZI Stock

The 24-hour chart illustrates a support level at 16.15, which if violated will result in even more drops to 15.85. On the upside, there is a resistance level at 16.68. A further resistance level may holdings at 16.91. The Relative Strength Index (RSI) on the 14-day chart is 31.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.52, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.43%. Stochastics %K at 12.50% indicates the stock is a buying.

How much short interest is there in Resideo Technologies Inc.?

A steep rise in short interest was recorded in Resideo Technologies Inc. stocks on Jul 14, 2022, growing by 80000.0 shares to a total of 3.92 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 3.84 million shares. There was a rise of 2.04%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.76% of the overall stock float, the days-to-cover ratio (short ratio) rose to 6.01.

Resideo Technologies Inc. [REZI] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 21,909,523 shares, or roughly 15.04% of the outstanding REZI shares. In other words, the investor’s shares have risen by 378,777 from its previous 13-F filing of 21530746.0. Additionally, The Vanguard Group, Inc. increased 1.06% of its stake after which the total value it holdings stand at $297,219,029, while Ariel Investments LLC added 43.11% of its stake to hold $242.5 million in the firm. Over the last quarter, Boston Partners Global Investors, purchased 552,224 shares of Resideo Technologies Inc., while SSgA Funds Management, Inc. bought 195,971 shares. At present, Ninety One UK Ltd. is holding 5,866,504 shares valued at $111.82 million. Praesidium Investment Management owned 5,027,758 shares of the company at the time of its most recent 13F filing, worth $95.83 million.

According to FactSet, Resideo Technologies Inc.’s share price will average $26.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 61.69 percent from its previous closing price of $16.08. Analysts expect Resideo Technologies Inc. stock to reach the higher price of $27.00, while the lowest price estimate is $25.00. However, 6 analysts have rated REZI stock as an Overweight in their predictions for 2022.

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