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Investing in Resideo Technologies Inc (REZI) Is Getting More Attractive

In a filing, Resideo Technologies Inc revealed its Chief Accounting Officer Beskid Tina M unloaded Company’s shares for reported $0.15 million on May 21 ’24. In the deal valued at $21.67 per share,7,057 shares were sold. As a result of this transaction, Beskid Tina M now holds 52,824 shares worth roughly $1.32 million.

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Then, LAZAR JACK R sold 9,000 shares, generating $196,210 in total proceeds. Upon selling the shares at $21.80, the Director now owns 91,168 shares.

Before that, Beskid Tina M sold 3,310 shares. Resideo Technologies Inc shares valued at $71,026 were divested by the Chief Accounting Officer at a price of $21.46 per share. As a result of the transaction, Beskid Tina M now holds 64,960 shares, worth roughly $1.62 million.

Imperial Capital also remained covering REZI and has decreased its forecast on November 02, 2022 with a “an In-line” recommendation from previously “an Outperform” rating. Morgan Stanley started covering the stock on March 17, 2021. It rated REZI as “an Equal-weight”.

Price Performance Review of REZI

On Monday, Resideo Technologies Inc [NYSE:REZI] saw its stock jump 3.92% to $24.95. Over the last five days, the stock has gained 24.25%. Resideo Technologies Inc shares have risen nearly 32.57% since the year began. Nevertheless, the stocks have risen 60.86% over the past one year. While a 52-week high of $24.09 was reached on 11/11/24, a 52-week low of $15.44 was recorded on 01/17/24. SMA at 50 days reached $20.05, while 200 days put it at $20.45.

Levels Of Support And Resistance For REZI Stock

The 24-hour chart illustrates a support level at 24.34, which if violated will result in even more drops to 23.73. On the upside, there is a resistance level at 25.34. A further resistance level may holdings at 25.74. The Relative Strength Index (RSI) on the 14-day chart is 80.00, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.54, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.20%. Stochastics %K at 93.43% indicates the stock is a selling.

How much short interest is there in Resideo Technologies Inc?

A steep rise in short interest was recorded in Resideo Technologies Inc stocks on 2024-10-15, dropping by -1.92 million shares to a total of 2.26 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.18 million shares. There was a decline of -84.87%, which implies that there is a negative sentiment for the stock.

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