Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $45.05 million following the completion of this transaction.
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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 their initiating research note from Morgan Stanley on June 11, 2024, REV Group Inc [REVG] has been an Equal-weight and the price target has been revised to $29.50. Analysts at DA Davidson upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late September. As of March 06, 2023, Robert W. Baird has increased its “Neutral” rating to a “an Outperform” for REVG. Earlier on June 29, 2022, DA Davidson initiated its rating. Their recommendation was “a Neutral” for REVG stock.
Analyzing REVG Stock Performance
During the last five days, there has been a surge of approximately 2.12%. Over the course of the year, REV Group Inc shares have jumped approximately 65.72%. Shares of the company reached a 52-week high of $28.59 on 06/06/24 and a 52-week low of $16.00 on 02/14/24. A 50-day SMA is recorded $25.29, while a 200-day SMA reached $19.63. Nevertheless, trading volume fell to 0.27 million shares from 0.53 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 24.88, which, if violated, would cause prices to drop to 24.50. In the upper region, resistance lies at 25.54. The next price resistance is at 25.83. RSI (Relative Strength Index) is 49.20 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.70, which suggests the price will decrease in the coming days. Percent R is at 73.84%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.
