Resideo Technologies Inc’s recent filing unveils that its President Products & Solutions Theodore Phillip L. unloaded Company’s shares for reported $0.33 million on Nov 16 ’23. In the deal valued at $16.45 per share,20,000 shares were sold. As a result of this transaction, Theodore Phillip L. now holds 149,855 shares worth roughly $3.3 million.
Then, Beskid Tina M sold 13,543 shares, generating $233,617 in total proceeds. Upon selling the shares at $17.25, the Chief Accounting Officer now owns 41,259 shares.
A number of analysts have revised their coverage, including Imperial Capital’s analysts, who decreased its forecast for the stock in early November from “an Outperform” to “an In-line”. Morgan Stanley began covering REZI with “an Equal-weight” recommendation on March 17, 2021. ROTH Capital revised its rating on March 11, 2021. It rated REZI as “a Neutral” which previously was an “a Buy”.
Price Performance Review of REZI
On Monday, Resideo Technologies Inc [NYSE:REZI] saw its stock jump 0.64% to $21.99. Over the last five days, the stock has lost -0.27%. Resideo Technologies Inc shares have risen nearly 16.84% since the year began. Nevertheless, the stocks have risen 26.82% over the past one year. While a 52-week high of $23.21 was reached on 03/21/24, a 52-week low of $14.19 was recorded on 01/17/24. SMA at 50 days reached $20.90, while 200 days put it at $17.75. A total of 0.56 million shares were traded, compared to the trading of 0.5 million shares in the previous session.
Levels Of Support And Resistance For REZI Stock
The 24-hour chart illustrates a support level at 21.87, which if violated will result in even more drops to 21.75. On the upside, there is a resistance level at 22.19. A further resistance level may holdings at 22.39. The Relative Strength Index (RSI) on the 14-day chart is 50.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.55%. Stochastics %K at 37.58% indicates the stock is a holding.
How much short interest is there in Resideo Technologies Inc?
A steep rise in short interest was recorded in Resideo Technologies Inc stocks on Mar 15, 2024, growing by 0.86 million shares to a total of 2.98 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.12 million shares. There was a rise of 28.86%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.90% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.98.
The most recent change occurred on March 03, 2021 when William Blair began covering the stock and recommended ‘”a Mkt perform”‘ rating .
