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Investing in RxSight Inc (RXST) Is Getting More Attractive

RxSight Inc’s recent filing unveils that its President & CEO Kurtz Ronald M MD unloaded Company’s shares for reported $2.41 million on May 03 ’24. In the deal valued at $60.15 per share,40,000 shares were sold. As a result of this transaction, Kurtz Ronald M MD now holds 764,610 shares worth roughly $46.04 million.

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Then, Thunen Shelley B sold 10,000 shares, generating $526,913 in total proceeds. Upon selling the shares at $52.69, the Chief Financial Officer now owns 13,938 shares.

Before that, Thunen Shelley B sold 20,000 shares. RxSight Inc shares valued at $997,946 were divested by the Chief Financial Officer at a price of $49.90 per share. As a result of the transaction, Thunen Shelley B now holds 8,402 shares, worth roughly $0.51 million.

BTIG Research reiterated its RxSight Inc [RXST] rating to a Buy in a research note published on May 07, 2024; the price target was $72. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in mid December from “an Equal weight” to “an Overweight”. Stifel began covering RXST with “Buy” recommendation on December 12, 2023. Morgan Stanley started covering the stock on December 04, 2023. It rated RXST as “an Overweight”.

Price Performance Review of RXST

On Tuesday, RxSight Inc [NASDAQ:RXST] saw its stock jump 2.42% to $60.21. Over the last five days, the stock has lost -3.18%. RxSight Inc shares have risen nearly 49.33% since the year began. Nevertheless, the stocks have risen 162.24% over the past one year. While a 52-week high of $66.54 was reached on 05/07/24, a 52-week low of $20.66 was recorded on 01/03/24. SMA at 50 days reached $53.47, while 200 days put it at $39.50. A total of 0.38 million shares were traded, compared to the trading of 0.33 million shares in the previous session.

Levels Of Support And Resistance For RXST Stock

The 24-hour chart illustrates a support level at 59.22, which if violated will result in even more drops to 58.22. On the upside, there is a resistance level at 60.80. A further resistance level may holdings at 61.38. The Relative Strength Index (RSI) on the 14-day chart is 59.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.33, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 39.27%. Stochastics %K at 55.93% indicates the stock is a holding.

The most recent change occurred on April 13, 2023 when Oppenheimer began covering the stock and recommended ‘”an Outperform”‘ rating along with a $23 price target.

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