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General Counsel, Cislini Jeff sold 2,000 shares of Revolution Medicines Inc [RVMD]

Revolution Medicines Inc’s filing revealed that its General Counsel Cislini Jeff unloaded Company’s shares for reported $76940.0 on Jun 26 ’24. In the deal valued at $38.47 per share,2,000 shares were sold. As a result of this transaction, Cislini Jeff now holds 49,487 shares worth roughly $1.86 million.

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Then, Kelsey Stephen Michael sold 16,467 shares, generating $643,152 in total proceeds. Upon selling the shares at $39.06, the insider now owns 269,073 shares.

Before that, Kelsey Stephen Michael sold 200 shares. Revolution Medicines Inc shares valued at $7,800 were divested by the insider at a price of $39.00 per share. As a result of the transaction, Kelsey Stephen Michael now holds 269,073 shares, worth roughly $10.1 million.

Needham reiterated its Revolution Medicines Inc [RVMD] rating to a Buy in a research note published on April 12, 2024; the price target was $46. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in early April from “an Outperform” to “a Strong buy”. Piper Sandler began covering RVMD with “an Overweight” recommendation on March 11, 2024. BofA Securities revised its rating on January 05, 2024. It rated RVMD as “a Buy” which previously was an “a Neutral”.

Price Performance Review of RVMD

On Friday, Revolution Medicines Inc [NASDAQ:RVMD] saw its stock jump 1.65% to $37.53. Over the last five days, the stock has lost -2.60%. Revolution Medicines Inc shares have risen nearly 30.86% since the year began. Nevertheless, the stocks have risen 39.62% over the past one year. While a 52-week high of $41.21 was reached on 06/03/24, a 52-week low of $15.44 was recorded on 01/18/24. SMA at 50 days reached $38.46, while 200 days put it at $30.46. A total of 0.61 million shares were traded, compared to the trading of 0.38 million shares in the previous session.

Levels Of Support And Resistance For RVMD Stock

The 24-hour chart illustrates a support level at 36.82, which if violated will result in even more drops to 36.10. On the upside, there is a resistance level at 37.93. A further resistance level may holdings at 38.32. The Relative Strength Index (RSI) on the 14-day chart is 44.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.79, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.91%. Stochastics%K at 19.04% indicates the stock is a buying.

The most recent change occurred on January 04, 2024 when Wedbush began covering the stock and recommended ‘”an Outperform”‘ rating along with a $41 price target.

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