Revolve Group Inc’s recent filing unveils that its 10% Owner MMMK Development, Inc. acquired Company’s shares for reported $0.93 million on Oct 15 ’24. In the deal valued at $25.83 per share,36,114 shares were bought.
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Then, Mente Michael sold 6,493 shares, generating $168,299 in total proceeds. Upon selling the shares at $25.92, the CO-CHIEF EXECUTIVE OFFICER now owns 0 shares.
Before that, Mente Michael sold 456 shares. Revolve Group Inc shares valued at $11,824 were divested by the CO-CHIEF EXECUTIVE OFFICER at a price of $25.93 per share. As a result of the transaction, Mente Michael now holds 0 shares, worth roughly $0.0.
A number of analysts have revised their coverage, including TD Cowen’s analysts, who increased its forecast for the stock in late March from “a Market perform” to “an Outperform”. Raymond James also remained covering RVLV and has increased its forecast on February 28, 2024 with a “an Outperform” recommendation from previously “Mkt perform” rating. Piper Sandler revised its rating on January 17, 2024. It rated RVLV as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of RVLV
On Tuesday, Revolve Group Inc [NYSE:RVLV] saw its stock jump 0.47% to $25.83. Over the last five days, the stock has gained 6.96%. Revolve Group Inc shares have risen nearly 55.79% since the year began. Nevertheless, the stocks have risen 78.02% over the past one year. While a 52-week high of $26.14 was reached on 10/15/24, a 52-week low of $12.42 was recorded on 01/19/24. SMA at 50 days reached $23.67, while 200 days put it at $19.53.
Levels Of Support And Resistance For RVLV Stock
The 24-hour chart illustrates a support level at 25.37, which if violated will result in even more drops to 24.91. On the upside, there is a resistance level at 26.28. A further resistance level may holdings at 26.74. The Relative Strength Index (RSI) on the 14-day chart is 61.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.92, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 14.86%. Stochastics %K at 80.78% indicates the stock is a selling.
How much short interest is there in Revolve Group Inc?
A steep rise in short interest was recorded in Revolve Group Inc stocks on 2024-09-30, growing by 0.37 million shares to a total of 9.74 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 9.37 million shares. There was a rise of 3.83%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on January 10, 2024 when Goldman began covering the stock and recommended ‘”a Sell”‘ rating along with a $12 price target.
