Rocket Lab USA Inc’s recent filing unveils that its Director GRIFFIN MICHAEL D unloaded Company’s shares for reported $0.27 million on Aug 22 ’24. In the deal valued at $6.90 per share,39,446 shares were sold. As a result of this transaction, GRIFFIN MICHAEL D now holds 0 shares worth roughly $0.0.
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Then, Spice Adam C. sold 62,512 shares, generating $435,084 in total proceeds. Upon selling the shares at $6.96, the Chief Financial Officer now owns 1,321,165 shares.
Before that, Kampani Arjun sold 28,563 shares. Rocket Lab USA Inc shares valued at $198,798 were divested by the General Counsel at a price of $6.96 per share. As a result of the transaction, Kampani Arjun now holds 637,558 shares, worth roughly $3.9 million.
Morgan Stanley downgraded its Rocket Lab USA Inc [RKLB] rating to an Equal-weight from a an Overweight in a research note published on July 15, 2024; the price target was decreased to $6 from $8. A number of analysts have revised their coverage, including BTIG Research’s analysts, who began to cover the stock in late June with a ‘”a Neutral”‘ rating. Goldman began covering RKLB with “Neutral” recommendation on June 11, 2024.
Price Performance Review of RKLB
On Tuesday, Rocket Lab USA Inc [NASDAQ:RKLB] saw its stock fall -9.20% to $6.12. Over the last five days, the stock has lost -7.97%. Rocket Lab USA Inc shares have risen nearly 10.67% since the year began. Nevertheless, the stocks have risen 5.70% over the past one year. While a 52-week high of $7.36 was reached on 08/19/24, a 52-week low of $3.47 was recorded on 04/16/24. SMA at 50 days reached $5.34, while 200 days put it at $4.65.
Levels Of Support And Resistance For RKLB Stock
The 24-hour chart illustrates a support level at 5.95, which if violated will result in even more drops to 5.79. On the upside, there is a resistance level at 6.44. A further resistance level may holdings at 6.77. The Relative Strength Index (RSI) on the 14-day chart is 53.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.42%. Stochastics%K at 72.76% indicates the stock is a holding.
How much short interest is there in Rocket Lab USA Inc?
A steep rise in short interest was recorded in Rocket Lab USA Inc stocks on 2024-07-31, dropping by -1.62 million shares to a total of 52.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 54.51 million shares. There was a decline of -3.06%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 17, 2024 when KeyBanc Capital Markets began covering the stock and recommended ‘”an Overweight”‘ rating along with a $8 price target.
