Revolution Medicines Inc’s recent filing unveils that its Director REBECCA EVE GOLDSMITH TR U/A D acquired Company’s shares for reported $0.27 million on Nov 01 ’24. In the deal valued at $53.50 per share,5,000 shares were bought.
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Then, J H GOLDSMITH & M A GOLDSMITH bought 5,000 shares, generating $267,500 in total proceeds.
Before that, MARK A GOLDSMITH bought 60,000 shares. Revolution Medicines Inc shares valued at $3,210,000 were divested by the Director at a price of $53.50 per share.
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 jump 2.97% to $55.09. Over the last five days, the stock has gained 18.68%. Revolution Medicines Inc shares have risen nearly 92.09% since the year began. Nevertheless, the stocks have risen 170.71% over the past one year. While a 52-week high of $54.41 was reached on 11/01/24, a 52-week low of $18.79 was recorded on 01/18/24. SMA at 50 days reached $46.05, while 200 days put it at $38.94.
Levels Of Support And Resistance For RVMD Stock
The 24-hour chart illustrates a support level at 53.95, which if violated will result in even more drops to 52.80. On the upside, there is a resistance level at 55.72. A further resistance level may holdings at 56.34. The Relative Strength Index (RSI) on the 14-day chart is 70.73, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.45, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.19%. Stochastics %K at 92.09% indicates the stock is a selling.
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.
