Rockwell Medical Inc’s recent filing unveils that its SVP, Chief Commercial Officer Chole Timothy unloaded Company’s shares for reported $3689.0 on Oct 01 ’24. In the deal valued at $3.69 per share,1,001 shares were sold. As a result of this transaction, Chole Timothy now holds 55,171 shares worth roughly $0.23 million.
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Then, Strobeck Mark sold 2,163 shares, generating $7,971 in total proceeds. Upon selling the shares at $3.69, the President and CEO now owns 147,201 shares.
Before that, Strobeck Mark bought 2,163 shares. Rockwell Medical Inc shares valued at $7,900 were divested by the Officer at a price of $3.65 per share.
Piper Jaffray initiated its Rockwell Medical Inc [RMTI] rating to an Overweight in a research note published on June 24, 2019; the price target was $10. A number of analysts have revised their coverage, including H.C. Wainwright’s analysts, who began to cover the stock in mid May with a ‘”a Buy”‘ rating. BofA/Merrill also remained covering RMTI and has decreased its forecast on November 08, 2016 with a “an Underperform” recommendation from previously “Neutral” rating. Stifel revised its rating on March 01, 2016. It rated RMTI as “a Hold” which previously was an “a Buy”.
Price Performance Review of RMTI
On Tuesday, Rockwell Medical Inc [NASDAQ:RMTI] saw its stock jump 5.40% to $4.10. Over the last five days, the stock has gained 3.54%. Rockwell Medical Inc shares have risen nearly 116.93% since the year began. Nevertheless, the stocks have risen 98.07% over the past one year. While a 52-week high of $4.57 was reached on 09/20/24, a 52-week low of $1.16 was recorded on 02/05/24. SMA at 50 days reached $3.62, while 200 days put it at $2.20.
Levels Of Support And Resistance For RMTI Stock
The 24-hour chart illustrates a support level at 3.87, which if violated will result in even more drops to 3.65. On the upside, there is a resistance level at 4.25. A further resistance level may holdings at 4.41. The Relative Strength Index (RSI) on the 14-day chart is 64.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 10.26%. Stochastics %K at 77.91% indicates the stock is a holding.
How much short interest is there in Rockwell Medical Inc?
A steep rise in short interest was recorded in Rockwell Medical Inc stocks on 2024-10-15, growing by 0.43 million shares to a total of 0.82 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 0.4 million shares. There was a rise of 51.72%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on August 13, 2015 when Morgan Stanley began covering the stock and recommended ‘”an Underweight”‘ rating along with a $7 price target.
