The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. RxSight Inc shares valued at $154,001 were sold by Goldshleger Ilya on Oct 22 ’24. At $49.68 per share, Goldshleger Ilya sold 3,100 shares. The insider’s holdings dropped to 42,246 shares worth approximately $2.05 million following the completion of this transaction.
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Also, ILYA GOLDSHLEGER purchased 3,100 shares, netting a total of over 154,001 in proceeds.
Before that, Goldshleger Ilya had sold 3,105 shares from its account. In a trade valued at $155,533, the insider traded RxSight Inc shares for $50.09 each. Upon closing the transaction, the insider’s holdings decreased to 3,105 shares, worth approximately $2.05 million.
As published in a research note from Needham on August 20, 2024, RxSight Inc [RXST] has been retained to a Buy and the price target has been revised to $66. Analysts at Needham resumed the stock at ‘”a Buy”‘ outlook in a report released in early August. As of May 07, 2024, BTIG Research has reiterated its “Buy” rating for RXST. Earlier on December 13, 2023, Wells Fargo upgraded its rating. Their new recommendation was “an Overweight” for RXST stock which previously was a “an Equal weight”.
Analyzing RXST Stock Performance
During the last five days, there has been a drop of approximately -4.24%. Over the course of the year, RxSight Inc shares have jumped approximately 20.31%. Shares of the company reached a 52-week high of $66.54 on 05/07/24 and a 52-week low of $34.92 on 01/03/24. A 50-day SMA is recorded $51.93, while a 200-day SMA reached $52.61. Nevertheless, trading volume fell to 0.51 million shares from 0.22 million shares the previous day.
Support And Resistance Levels for RxSight Inc (RXST)
According to the 24-hour chart, there is a support level at 47.44, which, if violated, would cause prices to drop to 46.38. In the upper region, resistance lies at 49.81. The next price resistance is at 51.12. RSI (Relative Strength Index) is 40.66 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.05, which suggests the price will decrease in the coming days. Percent R is at 74.07%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
