RxSight Inc’s filing revealed that its Chief Financial Officer Thunen Shelley B unloaded Company’s shares for reported $0.53 million on May 01 ’24. In the deal valued at $52.69 per share,10,000 shares were sold. As a result of this transaction, Thunen Shelley B now holds 13,938 shares worth roughly $0.86 million.
Then, Thunen Shelley B sold 20,000 shares, generating $997,946 in total proceeds. Upon selling the shares at $49.90, the Chief Financial Officer now owns 8,402 shares.
Before that, Thunen Shelley B sold 10,000 shares. RxSight Inc shares valued at $563,726 were divested by the Chief Financial Officer at a price of $56.37 per share. As a result of the transaction, Thunen Shelley B now holds 13,691 shares, worth roughly $0.84 million.
Wells Fargo upgraded its RxSight Inc [RXST] rating to an Overweight from a an Equal weight in a research note published on December 13, 2023; the price target was increased to $42 from $31. A number of analysts have revised their coverage, including Stifel’s analysts, who began to cover the stock in mid December with a ‘”a Buy”‘ rating. Morgan Stanley began covering RXST with “an Overweight” recommendation on December 04, 2023. Oppenheimer started covering the stock on April 13, 2023. It rated RXST as “an Outperform”.
Price Performance Review of RXST
On Friday, RxSight Inc [NASDAQ:RXST] saw its stock jump 3.44% to $61.68. Over the last five days, the stock has gained 16.88%. RxSight Inc shares have risen nearly 52.98% since the year began. Nevertheless, the stocks have risen 227.21% over the past one year. While a 52-week high of $59.70 was reached on 05/03/24, a 52-week low of $18.09 was recorded on 01/03/24. SMA at 50 days reached $52.80, while 200 days put it at $38.48. A total of 0.53 million shares were traded, compared to the trading of 0.65 million shares in the previous session.
Levels Of Support And Resistance For RXST Stock
The 24-hour chart illustrates a support level at 60.23, which if violated will result in even more drops to 58.78. On the upside, there is a resistance level at 62.49. A further resistance level may holdings at 63.30. The Relative Strength Index (RSI) on the 14-day chart is 68.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.15, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.49%. Stochastics %K at 94.28% indicates the stock is a selling.
