Revvity Inc.’s recent filing unveils that its Director MICHAS ALEXIS P unloaded Company’s shares for reported $0.55 million on Feb 29 ’24. In the deal valued at $109.98 per share,5,000 shares were sold. As a result of this transaction, MICHAS ALEXIS P now holds 55,604 shares worth roughly $5.59 million.
Then, Vohra Tajinder S sold 7,918 shares, generating $834,441 in total proceeds. Upon selling the shares at $105.39, the Please See Remarks now owns 26,113 shares.
Before that, Singh Prahlad R. sold 1,144 shares. Revvity Inc. shares valued at $120,269 were divested by the Please See Remarks at a price of $105.13 per share. As a result of the transaction, Singh Prahlad R. now holds 102,270 shares, worth roughly $10.29 million.
UBS downgraded its Revvity Inc. [RVTY] rating to a Neutral from a a Buy in a research note published on January 16, 2024; the price target was increased to $125 from $105. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who increased its forecast for the stock in early January from “an In-line” to “an Outperform”. Wells Fargo began covering RVTY with “an Equal weight” recommendation on December 19, 2023. Wolfe Research started covering the stock on December 13, 2023. It rated RVTY as “a Peer perform”.
Price Performance Review of RVTY
On Friday, Revvity Inc. [NYSE:RVTY] saw its stock fall -0.46% to $100.61. Over the last five days, the stock has lost -0.89%. Revvity Inc. shares have fallen nearly -7.96% since the year began. Nevertheless, the stocks have fallen -22.74% over the past one year. While a 52-week high of $132.54 was reached on 01/09/24, a 52-week low of $79.50 was recorded on 04/18/24. SMA at 50 days reached $104.55, while 200 days put it at $105.53. A total of 0.86 million shares were traded, compared to the trading of 0.68 million shares in the previous session.
Levels Of Support And Resistance For RVTY Stock
The 24-hour chart illustrates a support level at 99.89, which if violated will result in even more drops to 99.16. On the upside, there is a resistance level at 101.99. A further resistance level may holdings at 103.36. The Relative Strength Index (RSI) on the 14-day chart is 43.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.13%. Stochastics %K at 39.92% indicates the stock is a holding.
The most recent change occurred on September 28, 2023 when Bernstein began covering the stock and recommended ‘”an Outperform”‘ rating along with a $133 price target.
