Roivant Sciences Ltd’s recently made public that its Director by Deputization QVT Financial LP unloaded Company’s shares for reported $10.35 million on Sep 26 ’24. In the deal valued at $11.82 per share,876,000 shares were sold. As a result of this transaction, QVT Financial LP now holds 22,179,358 shares worth roughly $263.93 million.
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Then, QVT Financial LP sold 50,000 shares, generating $588,500 in total proceeds. Upon selling the shares at $11.77, the Director by Deputization now owns 23,055,358 shares.
Before that, MANCHESTER KEITH S sold 368,052 shares. Roivant Sciences Ltd shares valued at $4,278,604 were divested by the Director at a price of $11.62 per share. As a result of the transaction, MANCHESTER KEITH S now holds 1,412,126 shares, worth roughly $16.8 million.
Wolfe Research initiated its Roivant Sciences Ltd [ROIV] rating to an Outperform in a research note published on February 15, 2024; the price target was $17. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in early January with a ‘”an Overweight”‘ rating. Deutsche Bank began covering ROIV with “Buy” recommendation on December 12, 2023. Guggenheim started covering the stock on October 17, 2023. It rated ROIV as “a Buy”.
Price Performance Review of ROIV
On Friday, Roivant Sciences Ltd [NASDAQ:ROIV] saw its stock jump 0.25% to $11.90. Over the last five days, the stock has gained 4.57%. Roivant Sciences Ltd shares have risen nearly 5.97% since the year began. Nevertheless, the stocks have risen 17.36% over the past one year. While a 52-week high of $13.06 was reached on 09/09/24, a 52-week low of $8.24 was recorded on 02/05/24. SMA at 50 days reached $11.60, while 200 days put it at $11.07.
Levels Of Support And Resistance For ROIV Stock
The 24-hour chart illustrates a support level at 11.80, which if violated will result in even more drops to 11.69. On the upside, there is a resistance level at 12.01. A further resistance level may holdings at 12.11. The Relative Strength Index (RSI) on the 14-day chart is 57.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 12.64%. Stochastics %K at 70.95% indicates the stock is a holding.
How much short interest is there in Roivant Sciences Ltd?
A steep rise in short interest was recorded in Roivant Sciences Ltd stocks on 2024-09-30, growing by 12.99 million shares to a total of 51.22 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 38.22 million shares. There was a rise of 25.37%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 08, 2023 when BofA Securities began covering the stock and recommended ‘”a Neutral”‘ rating along with a $10.50 price target.
