Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Rezolute Inc shares valued at $19,982 were purchased by Hogenhuis Wladimir on Jun 25 ’24. At $4.15 per share, Hogenhuis Wladimir acquired 4,815 shares. The insider’s holdings grew to 37,508 shares worth approximately $0.18 million following the completion of this transaction.
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Also, ROBERTS BRIAN KENNETH purchased 4,300 shares, netting a total of over 16,828 in proceeds. Following the buying of shares at $3.91 each, the insider now holds 54,352 shares.
Before that, ROBERTS BRIAN KENNETH had added 3,300 shares to its account. In a trade valued at $12,916, the Chief Medical Officer bought Rezolute Inc shares for $3.91 each. Upon closing the transaction, the insider’s holdings increased to 3,300 shares, worth approximately $62660.00000000001.
As published in their initiating research note from Guggenheim on August 27, 2024, Rezolute Inc [RZLT] has been a Buy and the price target has been revised to $11. Analysts at BTIG Research started covering the stock with ‘”a Buy”‘ outlook in a report released in mid July. As of June 04, 2024, Craig Hallum has initiated its “Buy” rating for RZLT. Earlier on April 09, 2024, Maxim Group initiated its rating. Their recommendation was “a Buy” for RZLT stock.
Analyzing RZLT Stock Performance
During the last five days, there has been a drop of approximately -7.66%. Over the course of the year, Rezolute Inc shares have jumped approximately 385.64%. Shares of the company reached a 52-week high of $6.10 on 06/05/24 and a 52-week low of $0.90 on 01/17/24. A 50-day SMA is recorded $4.60, while a 200-day SMA reached $2.90. Nevertheless, trading volume fell to 0.65 million shares from 0.35 million shares the previous day.
Support And Resistance Levels for Rezolute Inc (RZLT)
According to the 24-hour chart, there is a support level at 4.64, which, if violated, would cause prices to drop to 4.45. In the upper region, resistance lies at 5.08. The next price resistance is at 5.33. RSI (Relative Strength Index) is 51.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.02, which suggests the price will decrease in the coming days. Percent R is at 48.91%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
