Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Rocket Lab USA Inc shares valued at $272,177 were sold by GRIFFIN MICHAEL D on Aug 22 ’24. At $6.90 per share, GRIFFIN MICHAEL D sold 39,446 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Spice Adam C. sold 62,512 shares, netting a total of over 435,084 in proceeds. Following the sale of shares at $6.96 each, the insider now holds 1,321,165 shares.
Before that, Kampani Arjun had sold 28,563 shares from its account. In a trade valued at $198,798, the General Counsel traded Rocket Lab USA Inc shares for $6.96 each. Upon closing the transaction, the insider’s holdings decreased to 28,563 shares, worth approximately $4.26 million.
As published in a research note from Morgan Stanley on July 15, 2024, Rocket Lab USA Inc [RKLB] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $6 from $8. Analysts at BTIG Research started covering the stock with ‘”a Neutral”‘ outlook in a report released in late June. As of June 11, 2024, Goldman has initiated its “Neutral” rating for RKLB.
Analyzing RKLB Stock Performance
During the last five days, there has been a surge of approximately 5.36%. Over the course of the year, Rocket Lab USA Inc shares have jumped approximately 20.80%. Shares of the company reached a 52-week high of $7.36 on 08/19/24 and a 52-week low of $3.47 on 04/16/24. A 50-day SMA is recorded $5.63, while a 200-day SMA reached $4.75. Nevertheless, trading volume fell to 13.27 million shares from 6.18 million shares the previous day.
Support And Resistance Levels for Rocket Lab USA Inc (RKLB)
According to the 24-hour chart, there is a support level at 6.32, which, if violated, would cause prices to drop to 5.96. In the upper region, resistance lies at 6.87. The next price resistance is at 7.06. RSI (Relative Strength Index) is 59.88 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.00, which suggests the price will decrease in the coming days. Percent R is at 38.16%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
