Revolution Medicines Inc’s filing revealed that its insider GOLDSMITH MARK A unloaded Company’s shares for reported $0.45 million on Oct 01 ’24. In the deal valued at $44.93 per share,10,000 shares were sold. As a result of this transaction, GOLDSMITH MARK A now holds 300,170 shares worth roughly $14.2 million.
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Then, MARK A GOLDSMITH bought 10,000 shares, generating $453,500 in total proceeds.
Before that, Anders Jack sold 2,244 shares. Revolution Medicines Inc shares valued at $99,152 were divested by the Chief Financial Officer at a price of $44.19 per share. As a result of the transaction, Anders Jack now holds 98,932 shares, worth roughly $4.68 million.
Needham reiterated its Revolution Medicines Inc [RVMD] rating to a Buy in a research note published on July 16, 2024; the price target was $62. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in mid July with a ‘”an Overweight”‘ rating. Jefferies began covering RVMD with “Buy” recommendation on July 08, 2024. Needham maintained its rating on April 12, 2024. It rated RVMD as “a Buy”.
Price Performance Review of RVMD
On Friday, Revolution Medicines Inc [NASDAQ:RVMD] saw its stock jump 2.58% to $47.32. Over the last five days, the stock has gained 7.13%. Revolution Medicines Inc shares have risen nearly 64.99% since the year began. Nevertheless, the stocks have risen 94.41% over the past one year. While a 52-week high of $48.61 was reached on 07/15/24, a 52-week low of $15.44 was recorded on 01/18/24. SMA at 50 days reached $43.76, while 200 days put it at $36.78.
Levels Of Support And Resistance For RVMD Stock
The 24-hour chart illustrates a support level at 46.57, which if violated will result in even more drops to 45.82. On the upside, there is a resistance level at 48.00. A further resistance level may holdings at 48.68. The Relative Strength Index (RSI) on the 14-day chart is 62.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.53, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.40%. Stochastics %K at 87.62% indicates the stock is a selling.
How much short interest is there in Revolution Medicines Inc?
A steep rise in short interest was recorded in Revolution Medicines Inc stocks on 2024-09-13, growing by 0.33 million shares to a total of 17.17 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 16.84 million shares. There was a rise of 1.91%, which implies that there is a positive sentiment for the stock.
