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BTIG Research gives a Buy recommendation for Rezolute Inc (RZLT)

In a filing, Rezolute Inc revealed its Director Hogenhuis Wladimir acquired Company’s shares for reported $19982.0 on Jun 25 ’24. In the deal valued at $4.15 per share,4,815 shares were bought. As a result of this transaction, Hogenhuis Wladimir now holds 37,508 shares worth roughly $0.16 million.

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Then, ROBERTS BRIAN KENNETH bought 4,300 shares, generating $16,828 in total proceeds. Upon buying the shares at $3.91, the Chief Medical Officer now owns 54,352 shares.

Before that, ROBERTS BRIAN KENNETH bought 3,300 shares. Rezolute Inc shares valued at $12,916 were divested by the Chief Medical Officer at a price of $3.91 per share. As a result of the transaction, ROBERTS BRIAN KENNETH now holds 13,000 shares, worth roughly $56420.0.

BTIG Research initiated its Rezolute Inc [RZLT] rating to a Buy in a research note published on July 17, 2024; the price target was $13. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who began to cover the stock in early June with a ‘”a Buy”‘ rating. Maxim Group began covering RZLT with “Buy” recommendation on April 09, 2024.

Price Performance Review of RZLT

On Tuesday, Rezolute Inc [NASDAQ:RZLT] saw its stock jump 1.40% to $4.34. Rezolute Inc shares have risen nearly 337.28% since the year began. Nevertheless, the stocks have risen 191.28% over the past one year. While a 52-week high of $6.10 was reached on 06/05/24, a 52-week low of $0.72 was recorded on 01/17/24. SMA at 50 days reached $4.40, while 200 days put it at $2.48.

Levels Of Support And Resistance For RZLT Stock

The 24-hour chart illustrates a support level at 4.25, which if violated will result in even more drops to 4.16. On the upside, there is a resistance level at 4.42. A further resistance level may holdings at 4.50. The Relative Strength Index (RSI) on the 14-day chart is 49.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.68%. Stochastics%K at 42.01% indicates the stock is a holding.

How much short interest is there in Rezolute Inc?

A steep rise in short interest was recorded in Rezolute Inc stocks on 2024-07-31, dropping by -0.16 million shares to a total of 1.31 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 1.46 million shares. There was a decline of -11.86%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on June 15, 2022 when Cantor Fitzgerald began covering the stock and recommended ‘”an Overweight”‘ rating along with a $9 price target.

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