Rocket Pharmaceuticals Inc’s recently made public that its insider White Mark Andrew unloaded Company’s shares for reported $51205.0 on Oct 31 ’24. In the deal valued at $16.62 per share,3,080 shares were sold. As a result of this transaction, White Mark Andrew now holds 69,140 shares worth roughly $1.11 million.
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Then, Militello John sold 917 shares, generating $15,245 in total proceeds. Upon selling the shares at $16.62, the insider now owns 50,534 shares.
Before that, Militello John bought 917 shares. Rocket Pharmaceuticals Inc shares valued at $15,245 were divested by the Officer at a price of $16.62 per share.
Scotiabank initiated its Rocket Pharmaceuticals Inc [RCKT] rating to a Sector outperform in a research note published recently. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in early April with a ‘”a Neutral”‘ rating. Cantor Fitzgerald began covering RCKT with “an Overweight” recommendation on October 24, 2023. Morgan Stanley started covering the stock on February 01, 2023. It rated RCKT as “an Overweight”.
Price Performance Review of RCKT
On Tuesday, Rocket Pharmaceuticals Inc [NASDAQ:RCKT] saw its stock fall -4.92% to $16.03. Over the last five days, the stock has lost -6.75%. Rocket Pharmaceuticals Inc shares have fallen nearly -46.51% since the year began. Nevertheless, the stocks have fallen -13.58% over the past one year. While a 52-week high of $32.53 was reached on 02/27/24, a 52-week low of $15.98 was recorded on 11/12/24. SMA at 50 days reached $17.96, while 200 days put it at $22.42.
Levels Of Support And Resistance For RCKT Stock
The 24-hour chart illustrates a support level at 15.57, which if violated will result in even more drops to 15.10. On the upside, there is a resistance level at 16.85. A further resistance level may holdings at 17.66. The Relative Strength Index (RSI) on the 14-day chart is 38.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.11%. Stochastics %K at 34.48% indicates the stock is a holding.
How much short interest is there in Rocket Pharmaceuticals Inc?
A steep rise in short interest was recorded in Rocket Pharmaceuticals Inc stocks on 2024-10-31, growing by 0.49 million shares to a total of 11.9 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 11.4 million shares. There was a rise of 4.16%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on November 08, 2022 when Canaccord Genuity began covering the stock and recommended ‘”a Buy”‘ rating along with a $53 price target.
