In a filing, Rocket Pharmaceuticals Inc revealed its insider Militello John unloaded Company’s shares for reported $19688.0 on Aug 16 ’24. In the deal valued at $18.50 per share,1,064 shares were sold. As a result of this transaction, Militello John now holds 51,451 shares worth roughly $0.91 million.
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Then, Patel Kinnari sold 3,989 shares, generating $73,812 in total proceeds. Upon selling the shares at $18.50, the insider now owns 396,983 shares.
Before that, Shah Gaurav sold 9,650 shares. Rocket Pharmaceuticals Inc shares valued at $178,564 were divested by the CEO at a price of $18.50 per share. As a result of the transaction, Shah Gaurav now holds 718,419 shares, worth roughly $12.66 million.
Scotiabank initiated its Rocket Pharmaceuticals Inc [RCKT] rating to a Sector outperform in a research note published recently. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in early April with a ‘”a Neutral”‘ rating. Cantor Fitzgerald began covering RCKT with “an Overweight” recommendation on October 24, 2023. Morgan Stanley started covering the stock on February 01, 2023. It rated RCKT as “an Overweight”.
Price Performance Review of RCKT
On Monday, Rocket Pharmaceuticals Inc [NASDAQ:RCKT] saw its stock fall -6.38% to $17.62. Over the last five days, the stock has gained 4.26%. Rocket Pharmaceuticals Inc shares have fallen nearly -41.21% since the year began. Nevertheless, the stocks have risen 3.28% over the past one year. While a 52-week high of $32.53 was reached on 02/27/24, a 52-week low of $15.98 was recorded on 10/03/24. SMA at 50 days reached $18.52, while 200 days put it at $23.31.
Levels Of Support And Resistance For RCKT Stock
The 24-hour chart illustrates a support level at 17.06, which if violated will result in even more drops to 16.51. On the upside, there is a resistance level at 18.52. A further resistance level may holdings at 19.43. The Relative Strength Index (RSI) on the 14-day chart is 47.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.13, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 43.57%. Stochastics %K at 79.61% indicates the stock is a holding.
How much short interest is there in Rocket Pharmaceuticals Inc?
A steep rise in short interest was recorded in Rocket Pharmaceuticals Inc stocks on 2024-09-30, growing by 0.47 million shares to a total of 11.4 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 10.93 million shares. There was a rise of 4.15%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on November 08, 2022 when Canaccord Genuity began covering the stock and recommended ‘”a Buy”‘ rating along with a $53 price target.
