Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Revvity Inc. shares valued at $100,827 were sold by MICHAS ALEXIS P on Aug 15 ’24. At $118.62 per share, MICHAS ALEXIS P sold 850 shares. The insider’s holdings dropped to 7,770 shares worth approximately $0.98 million following the completion of this transaction.
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Also, MICHAS ALEXIS P purchased 850 shares, netting a total of over 100,000 in proceeds.
Before that, Goldberg Joel S had sold 3,500 shares from its account. In a trade valued at $412,507, the insider traded Revvity Inc. shares for $117.86 each. Upon closing the transaction, the insider’s holdings decreased to 3,500 shares, worth approximately $4.22 million.
As published in their initiating research note from Wells Fargo on August 28, 2024, Revvity Inc. [RVTY] has been an Equal weight and the price target has been revised to $130. Analysts at Leerink Partners started covering the stock with ‘”an Outperform”‘ outlook in a report released in early July. Earlier on January 16, 2024, UBS downgraded its rating. Their new recommendation was “a Neutral” for RVTY stock which previously was a “a Buy”.
Analyzing RVTY Stock Performance
During the last five days, there has been a surge of approximately 5.27%. Over the course of the year, Revvity Inc. shares have jumped approximately 15.71%. Shares of the company reached a 52-week high of $128.15 on 07/31/24 and a 52-week low of $97.32 on 04/18/24. A 50-day SMA is recorded $118.54, while a 200-day SMA reached $108.67. Nevertheless, trading volume fell to 0.73 million shares from 0.92 million shares the previous day.
Support And Resistance Levels for Revvity Inc. (RVTY)
According to the 24-hour chart, there is a support level at 125.34, which, if violated, would cause prices to drop to 124.20. In the upper region, resistance lies at 127.81. The next price resistance is at 129.14. RSI (Relative Strength Index) is 65.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.73, which suggests the price will increase in the coming days. Percent R is at 11.62%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
