Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Revolve Group Inc shares valued at $6,286,968 were sold by Mente Michael on Nov 06 ’24. At $31.43 per share, Mente Michael sold 200,000 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Mente Michael sold 37,103 shares, netting a total of over 961,710 in proceeds. Following the sale of shares at $25.92 each, the insider now holds 0 shares.
Before that, Mente Michael had sold 20,373 shares from its account. In a trade valued at $528,679, the CO-CHIEF EXECUTIVE OFFICER traded Revolve Group Inc shares for $25.95 each. Upon closing the transaction, the insider’s holdings decreased to 20,373 shares, worth approximately $0.0.
As published in a research note from Barclays on November 06, 2024, Revolve Group Inc [RVLV] has been rated up from an Underweight to an Equal weight and the price target has been revised to $25 from $17. As of March 21, 2024, TD Cowen has increased its “Market perform” rating to a “an Outperform” for RVLV. Earlier on February 28, 2024, Raymond James upgraded its rating. Their new recommendation was “an Outperform” for RVLV stock which previously was a “a Mkt perform”.
Analyzing RVLV Stock Performance
During the last five days, there has been a surge of approximately 32.72%. Over the course of the year, Revolve Group Inc shares have jumped approximately 98.67%. Shares of the company reached a 52-week high of $33.82 on 11/06/24 and a 52-week low of $13.96 on 01/19/24. A 50-day SMA is recorded $24.87, while a 200-day SMA reached $20.49. Nevertheless, trading volume fell to 1.12 million shares from 3.99 million shares the previous day.
Support And Resistance Levels for Revolve Group Inc (RVLV)
According to the 24-hour chart, there is a support level at 32.19, which, if violated, would cause prices to drop to 31.45. In the upper region, resistance lies at 33.53. The next price resistance is at 34.13. RSI (Relative Strength Index) is 79.64 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.29, which suggests the price will increase in the coming days. Percent R is at 9.18%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
