The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. REV Group Inc shares valued at $127,567,045 were sold by AMERICAN INDUSTRIAL PARTNERS C on Mar 15 ’24. At $17.25 per share, AMERICAN INDUSTRIAL PARTNERS C sold 7,395,191 shares. The insider’s holdings dropped to 1,767,314 shares worth approximately $46.55 million following the completion of this transaction.
Also, AMERICAN INDUSTRIAL PARTNERS C sold 18,400,000 shares, netting a total of over 289,938,000 in proceeds. Following the sale of shares at $15.76 each, the insider now holds 9,162,505 shares.
As published in a research note from DA Davidson on September 27, 2023, REV Group Inc [REVG] has been rated up from a Neutral to a Buy and the price target has been revised to $20 from $16. Analysts at Robert W. Baird upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in early March. As of June 29, 2022, DA Davidson has initiated its “Neutral” rating for REVG. Earlier on April 08, 2022, Robert W. Baird downgraded its rating. Their new recommendation was “a Neutral” for REVG stock which previously was a “an Outperform”.
Analyzing REVG Stock Performance
During the last five days, there has been a surge of approximately 14.12%. Over the course of the year, REV Group Inc shares have jumped approximately 71.24%. Shares of the company reached a 52-week high of $26.57 on 05/09/24 and a 52-week low of $16.00 on 02/14/24. A 50-day SMA is recorded $21.28, while a 200-day SMA reached $17.29. Nevertheless, trading volume fell to 1.32 million shares from 0.51 million shares the previous day.
Support And Resistance Levels for REV Group Inc (REVG)
According to the 24-hour chart, there is a support level at 25.43, which, if violated, would cause prices to drop to 24.52. In the upper region, resistance lies at 26.91. The next price resistance is at 27.48. RSI (Relative Strength Index) is 81.34 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.37, which suggests the price will increase in the coming days. Percent R is at 4.03%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
