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RXRX (Recursion Pharmaceuticals Inc) may reap gains as insiders became active recently

Recursion Pharmaceuticals Inc’s recent filing unveils that its President and COO Marriott Tina unloaded Company’s shares for reported $23020.0 on Apr 25 ’24. In the deal valued at $7.67 per share,3,000 shares were sold. As a result of this transaction, Marriott Tina now holds 543,231 shares worth roughly $4.45 million.

Then, Secora Michael sold 23,124 shares, generating $175,349 in total proceeds. Upon selling the shares at $7.58, the Chief Financial Officer now owns 1,231,055 shares.

Before that, Secora Michael sold 25,000 shares. Recursion Pharmaceuticals Inc shares valued at $191,658 were divested by the Chief Financial Officer at a price of $7.67 per share. As a result of the transaction, Secora Michael now holds 1,216,679 shares, worth roughly $9.98 million.

Morgan Stanley initiated its Recursion Pharmaceuticals Inc [RXRX] rating to an Equal-weight in a research note published on May 22, 2023; the price target was $8. A number of analysts have revised their coverage, including Needham’s analysts, who began to cover the stock in mid March with a ‘”a Buy”‘ rating. KeyBanc Capital Markets began covering RXRX with “an Overweight” recommendation on September 16, 2022. BofA Securities revised its rating on April 18, 2022. It rated RXRX as “a Neutral” which previously was an “a Buy”.

Price Performance Review of RXRX

On Monday, Recursion Pharmaceuticals Inc [NASDAQ:RXRX] saw its stock jump 0.99% to $8.20. Over the last five days, the stock has gained 7.89%. Recursion Pharmaceuticals Inc shares have fallen nearly -16.84% since the year began. Nevertheless, the stocks have risen 67.69% over the past one year. While a 52-week high of $16.75 was reached on 02/27/24, a 52-week low of $4.54 was recorded on 04/19/24. SMA at 50 days reached $10.34, while 200 days put it at $9.32. A total of 4.1 million shares were traded, compared to the trading of 7.21 million shares in the previous session.

Levels Of Support And Resistance For RXRX Stock

The 24-hour chart illustrates a support level at 8.01, which if violated will result in even more drops to 7.82. On the upside, there is a resistance level at 8.47. A further resistance level may holdings at 8.73. The Relative Strength Index (RSI) on the 14-day chart is 42.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.00%. Stochastics %K at 46.69% indicates the stock is a holding.

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