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RXST (RxSight Inc) may reap gains as insiders became active recently

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RxSight Inc’s filing revealed that its Director Andrews Julie unloaded Company’s shares for reported $0.91 million on Jun 14 ’24. In the deal valued at $58.00 per share,15,625 shares were sold. As a result of this transaction, Andrews Julie now holds 30,287 shares worth roughly $1.72 million.

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Then, Tammenoms Bakker Juliet bought 5,000 shares, generating $305,456 in total proceeds. Upon buying the shares at $61.09, the Director now owns 34,840 shares.

Before that, Kurtz Ronald M MD sold 40,000 shares. RxSight Inc shares valued at $2,405,872 were divested by the President & CEO at a price of $60.15 per share. As a result of the transaction, Kurtz Ronald M MD now holds 764,610 shares, worth roughly $43.38 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 Friday, RxSight Inc [NASDAQ:RXST] saw its stock jump 1.39% to $56.74. Over the last five days, the stock has lost -4.38%. RxSight Inc shares have risen nearly 40.72% since the year began. Nevertheless, the stocks have risen 117.31% 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 $57.77, while 200 days put it at $43.33. A total of 0.75 million shares were traded, compared to the trading of 0.25 million shares in the previous session.

Levels Of Support And Resistance For RXST Stock

The 24-hour chart illustrates a support level at 54.71, which if violated will result in even more drops to 52.68. On the upside, there is a resistance level at 57.78. A further resistance level may holdings at 58.82. The Relative Strength Index (RSI) on the 14-day chart is 45.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.96, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.29%. Stochastics %K at 32.32% 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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