In a filing, Rocket Lab USA Inc revealed 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 $4.57 million.
JMP Securities initiated its Rocket Lab USA Inc [RKLB] rating to a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in mid July from “an Overweight” to “an Equal-weight”. BTIG Research began covering RKLB with “Neutral” recommendation on June 26, 2024. Goldman started covering the stock on June 11, 2024. It rated RKLB as “a Neutral”.
Price Performance Review of RKLB
On Tuesday, Rocket Lab USA Inc [NASDAQ:RKLB] saw its stock fall -2.71% to $7.17. Over the last five days, the stock has gained 16.59%. Rocket Lab USA Inc shares have risen nearly 29.66% since the year began. Nevertheless, the stocks have risen 40.04% over the past one year. While a 52-week high of $7.53 was reached on 09/16/24, a 52-week low of $3.47 was recorded on 04/16/24. SMA at 50 days reached $5.82, while 200 days put it at $4.80.
Levels Of Support And Resistance For RKLB Stock
The 24-hour chart illustrates a support level at 6.99, which if violated will result in even more drops to 6.81. On the upside, there is a resistance level at 7.43. A further resistance level may holdings at 7.69. The Relative Strength Index (RSI) on the 14-day chart is 62.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.85, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 19.93%. Stochastics %K at 90.25% indicates the stock is a selling.
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 2024-08-30, growing by 4.08 million shares to a total of 56.97 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 52.89 million shares. There was a rise of 7.17%, which implies that there is a positive sentiment for the stock.
