Revolution Medicines Inc’s filing revealed that its insider Kelsey Stephen Michael unloaded Company’s shares for reported $0.82 million on Oct 14 ’24. In the deal valued at $49.49 per share,16,666 shares were sold. As a result of this transaction, Kelsey Stephen Michael now holds 264,408 shares worth roughly $12.27 million.
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Then, Horn Margaret A sold 50,000 shares, generating $2,517,055 in total proceeds. Upon selling the shares at $50.34, the Chief Operating Officer now owns 132,320 shares.
Before that, GOLDSMITH MARK A sold 30,000 shares. Revolution Medicines Inc shares valued at $1,510,773 were divested by the insider at a price of $50.36 per share. As a result of the transaction, GOLDSMITH MARK A now holds 300,170 shares, worth roughly $13.93 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 fall -1.76% to $46.42. Over the last five days, the stock has lost -7.95%. Revolution Medicines Inc shares have risen nearly 61.85% since the year began. Nevertheless, the stocks have risen 131.98% over the past one year. While a 52-week high of $51.00 was reached on 10/16/24, a 52-week low of $18.00 was recorded on 01/18/24. SMA at 50 days reached $45.27, while 200 days put it at $38.34.
Levels Of Support And Resistance For RVMD Stock
The 24-hour chart illustrates a support level at 45.51, which if violated will result in even more drops to 44.61. On the upside, there is a resistance level at 48.15. A further resistance level may holdings at 49.89. The Relative Strength Index (RSI) on the 14-day chart is 46.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.42%. Stochastics %K at 28.01% indicates the stock is a holding.
How much short interest is there in Revolution Medicines Inc?
A steep rise in short interest was recorded in Revolution Medicines Inc stocks on 2024-10-15, dropping by -0.5 million shares to a total of 16.66 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 17.17 million shares. There was a decline of -3.01%, which implies that there is a negative sentiment for the stock.
