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. Rezolute Inc shares valued at $1,578 were purchased by Evans Daron on May 29 ’24. At $3.50 per share, Evans Daron acquired 451 shares. The insider’s holdings grew to 121,351 shares worth approximately $0.7 million following the completion of this transaction.
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Also, Evans Daron purchased 2,942 shares, netting a total of over 9,503 in proceeds. Following the buying of shares at $3.23 each, the insider now holds 13,000 shares.
Before that, ROBERTS BRIAN KENNETH had added 7,500 shares to its account. In a trade valued at $20,138, the Chief Medical Officer bought Rezolute Inc shares for $2.69 each. Upon closing the transaction, the insider’s holdings increased to 7,500 shares, worth approximately $0.29 million.
As published in their initiating research note from Craig Hallum on June 04, 2024, Rezolute Inc [RZLT] has been a Buy and the price target has been revised to $14. Analysts at Maxim Group started covering the stock with ‘”a Buy”‘ outlook in a report released in early April. Earlier on June 15, 2022, Cantor Fitzgerald initiated its rating. Their recommendation was “an Overweight” for RZLT stock.
Analyzing RZLT Stock Performance
During the last five days, there has been a surge of approximately 40.19%. Over the course of the year, Rezolute Inc shares have jumped approximately 483.38%. Shares of the company reached a 52-week high of $6.10 on 06/05/24 and a 52-week low of $0.90 on 01/17/24. A 50-day SMA is recorded $3.02, while a 200-day SMA reached $1.65. Nevertheless, trading volume fell to 1.43 million shares from 0.55 million shares the previous day.
Support And Resistance Levels for Rezolute Inc (RZLT)
According to the 24-hour chart, there is a support level at 4.88, which, if violated, would cause prices to drop to 3.97. In the upper region, resistance lies at 6.40. The next price resistance is at 7.01. RSI (Relative Strength Index) is 83.47 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.21, which suggests the price will increase in the coming days. Percent R is at 8.56%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
