Revolution Medicines Inc’s recently made public that its General Counsel Cislini Jeff unloaded Company’s shares for reported $0.36 million on Nov 06 ’24. In the deal valued at $60.00 per share,6,000 shares were sold. As a result of this transaction, Cislini Jeff now holds 45,634 shares worth roughly $2.77 million.
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Then, JEFFREY TODD CISLINI bought 6,000 shares, generating $340,500 in total proceeds.
Before that, GOLDSMITH MARK A sold 50,900 shares. Revolution Medicines Inc shares valued at $2,827,821 were divested by the insider at a price of $55.56 per share. As a result of the transaction, GOLDSMITH MARK A now holds 300,170 shares, worth roughly $18.19 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 Monday, Revolution Medicines Inc [NASDAQ:RVMD] saw its stock jump 0.26% to $60.60. Over the last five days, the stock has gained 8.47%. Revolution Medicines Inc shares have risen nearly 111.30% since the year began. Nevertheless, the stocks have risen 202.70% over the past one year. While a 52-week high of $61.06 was reached on 11/11/24, a 52-week low of $18.79 was recorded on 01/18/24. SMA at 50 days reached $47.92, while 200 days put it at $39.87.
Levels Of Support And Resistance For RVMD Stock
The 24-hour chart illustrates a support level at 59.99, which if violated will result in even more drops to 59.39. On the upside, there is a resistance level at 61.80. A further resistance level may holdings at 63.01. The Relative Strength Index (RSI) on the 14-day chart is 78.27, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.36, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.97%. Stochastics %K at 91.69% 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.
