Revolution Medicines Inc’s filing revealed that its General Counsel Cislini Jeff unloaded Company’s shares for reported $46481.0 on Mar 27 ’24. In the deal valued at $30.99 per share,1,500 shares were sold. As a result of this transaction, Cislini Jeff now holds 54,374 shares worth roughly $1.74 million.
Then, GOLDSMITH MARK A sold 5,788 shares, generating $182,804 in total proceeds. Upon selling the shares at $31.58, the insider now owns 460,379 shares.
Before that, Horn Margaret A sold 2,914 shares. Revolution Medicines Inc shares valued at $92,033 were divested by the Chief Operating Officer at a price of $31.58 per share. As a result of the transaction, Horn Margaret A now holds 139,553 shares, worth roughly $4.45 million.
Piper Sandler initiated its Revolution Medicines Inc [RVMD] rating to an Overweight in a research note published on March 11, 2024; the price target was $43. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in early January from “a Neutral” to “a Buy”. Wedbush began covering RVMD with “an Outperform” recommendation on January 04, 2024. Raymond James started covering the stock on November 16, 2023. It rated RVMD as “an Outperform”.
Price Performance Review of RVMD
On Monday, Revolution Medicines Inc [NASDAQ:RVMD] saw its stock jump 2.05% to $31.91. Over the last five days, the stock has gained 0.73%. Revolution Medicines Inc shares have risen nearly 11.26% since the year began. Nevertheless, the stocks have risen 56.27% over the past one year. While a 52-week high of $35.60 was reached on 03/12/24, a 52-week low of $15.44 was recorded on 01/18/24. SMA at 50 days reached $30.42, while 200 days put it at $27.79. A total of 0.86 million shares were traded, compared to the trading of 1.16 million shares in the previous session.
Levels Of Support And Resistance For RVMD Stock
The 24-hour chart illustrates a support level at 31.30, which if violated will result in even more drops to 30.69. On the upside, there is a resistance level at 32.27. A further resistance level may holdings at 32.63. The Relative Strength Index (RSI) on the 14-day chart is 54.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 24.36%. Stochastics %K at 48.14% indicates the stock is a holding.
How much short interest is there in Revolution Medicines Inc?
A steep rise in short interest was recorded in Revolution Medicines Inc stocks on Mar 15, 2024, dropping by -0.56 million shares to a total of 16.4 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 16.96 million shares. There was a decline of -3.41%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 10.34% of the overall stock float, the days-to-cover ratio (short ratio) fell to 9.19.
