Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Revolution Medicines Inc shares valued at $353,346 were sold by GOLDSMITH MARK A on Apr 10 ’24. At $35.33 per share, GOLDSMITH MARK A sold 10,000 shares. The insider’s holdings dropped to 30,424 shares worth approximately $1.09 million following the completion of this transaction.
Also, GOLDSMITH MARK A sold 7,500 shares, netting a total of over 266,122 in proceeds. Following the sale of shares at $35.48 each, the insider now holds 452,879 shares.
Before that, Patel Sushil had sold 2,155 shares from its account. In a trade valued at $79,735, the Director traded Revolution Medicines Inc shares for $37.00 each. Upon closing the transaction, the insider’s holdings decreased to 2,155 shares, worth approximately $0.56 million.
As published in a research note from Needham on April 12, 2024, Revolution Medicines Inc [RVMD] has been retained to a Buy and the price target has been revised to $46. Analysts at Raymond James upgraded the stock from ‘”an Outperform”‘ to ‘”a Strong buy”‘ outlook in a report released in early April. As of March 11, 2024, Piper Sandler has initiated its “an Overweight” rating for RVMD. Earlier on January 05, 2024, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for RVMD stock which previously was a “a Neutral”.
Analyzing RVMD Stock Performance
During the last five days, there has been a drop of approximately -4.22%. Over the course of the year, Revolution Medicines Inc shares have jumped approximately 24.93%. Shares of the company reached a 52-week high of $38.73 on 04/11/24 and a 52-week low of $25.93 on 01/18/24. A 50-day SMA is recorded $31.59, while a 200-day SMA reached $28.19. Nevertheless, trading volume fell to 1.03 million shares from 1.19 million shares the previous day.
Support And Resistance Levels for Revolution Medicines Inc (RVMD)
According to the 24-hour chart, there is a support level at 35.35, which, if violated, would cause prices to drop to 34.87. In the upper region, resistance lies at 36.75. The next price resistance is at 37.67. RSI (Relative Strength Index) is 60.93 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.39, which suggests the price will increase in the coming days. Percent R is at 31.59%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
