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Rocket Lab USA Inc [RKLB] Stock sold by Insider Spice Adam C. for $0.29 million

Rocket Lab USA Inc’s recently made public that its Chief Financial Officer Spice Adam C. unloaded Company’s shares for reported $0.29 million on Mar 05 ’24. In the deal valued at $4.25 per share,67,160 shares were sold. As a result of this transaction, Spice Adam C. now holds 1,442,206 shares worth roughly $5.42 million.

Then, Kampani Arjun sold 31,394 shares, generating $133,519 in total proceeds. Upon selling the shares at $4.25, the General Counsel now owns 695,147 shares.

Before that, Spice Adam C. sold 57,721 shares. Rocket Lab USA Inc shares valued at $257,609 were divested by the Chief Financial Officer at a price of $4.46 per share. As a result of the transaction, Spice Adam C. now holds 1,509,366 shares, worth roughly $5.68 million.

A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who began to cover the stock in mid January with a ‘”an Overweight”‘ rating. Cantor Fitzgerald began covering RKLB with “an Overweight” recommendation on October 26, 2023. Citigroup started covering the stock on April 18, 2023. It rated RKLB as “a Neutral”.

Price Performance Review of RKLB

On Tuesday, Rocket Lab USA Inc [NASDAQ:RKLB] saw its stock fall -1.05% to $3.76. Over the last five days, the stock has gained 2.17%. Rocket Lab USA Inc shares have fallen nearly -32.01% since the year began. Nevertheless, the stocks have fallen -4.08% over the past one year. While a 52-week high of $8.05 was reached on 01/09/24, a 52-week low of $3.47 was recorded on 04/16/24. SMA at 50 days reached $4.07, while 200 days put it at $4.89. A total of 7.55 million shares were traded, compared to the trading of 3.87 million shares in the previous session.

Levels Of Support And Resistance For RKLB Stock

The 24-hour chart illustrates a support level at 3.70, which if violated will result in even more drops to 3.64. On the upside, there is a resistance level at 3.83. A further resistance level may holdings at 3.89. The Relative Strength Index (RSI) on the 14-day chart is 46.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.21%. Stochastics %K at 63.23% indicates the stock is a holding.

The most recent change occurred on October 12, 2022 when Credit Suisse began covering the stock and recommended ‘”an Underperform”‘ rating along with a $3 price target.

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