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Insider Sale Alert: Resideo Technologies Inc [REZI] – Is it Time to sell?

In a filing, Resideo Technologies Inc revealed its Chief Accounting Officer Beskid Tina M unloaded Company’s shares for reported $0.15 million on May 21 ’24. In the deal valued at $21.67 per share,7,057 shares were sold. As a result of this transaction, Beskid Tina M now holds 52,824 shares worth roughly $1.07 million.

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Then, LAZAR JACK R sold 9,000 shares, generating $196,210 in total proceeds. Upon selling the shares at $21.80, the Director now owns 91,168 shares.

Before that, Richardson Nina sold 5,578 shares. Resideo Technologies Inc shares valued at $118,979 were divested by the Director at a price of $21.33 per share. As a result of the transaction, Richardson Nina now holds 51,311 shares, worth roughly $1.04 million.

A number of analysts have revised their coverage, including Imperial Capital’s analysts, who decreased its forecast for the stock in early November from “an Outperform” to “an In-line”. Morgan Stanley began covering REZI with “an Equal-weight” recommendation on March 17, 2021. ROTH Capital revised its rating on March 11, 2021. It rated REZI as “a Neutral” which previously was an “a Buy”.

Price Performance Review of REZI

On Friday, Resideo Technologies Inc [NYSE:REZI] saw its stock fall -5.18% to $20.30. Over the last five days, the stock has lost -10.45%. Resideo Technologies Inc shares have risen nearly 7.86% since the year began. Nevertheless, the stocks have risen 10.57% over the past one year. While a 52-week high of $23.43 was reached on 07/31/24, a 52-week low of $14.19 was recorded on 01/17/24. SMA at 50 days reached $20.66, while 200 days put it at $19.35. A total of 0.68 million shares were traded, compared to the trading of 0.9 million shares in the previous session.

Levels Of Support And Resistance For REZI Stock

The 24-hour chart illustrates a support level at 20.05, which if violated will result in even more drops to 19.81. On the upside, there is a resistance level at 20.52. A further resistance level may holdings at 20.75. The Relative Strength Index (RSI) on the 14-day chart is 42.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.03%. Stochastics%K at 37.21% indicates the stock is a holding.

The most recent change occurred on March 03, 2021 when William Blair began covering the stock and recommended ‘”a Mkt perform”‘ rating .

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