Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Revolution Medicines Inc shares valued at $988,794 were purchased by STEPHEN M. KELSEY on Nov 13 ’24. At $59.33 per share, STEPHEN M. KELSEY acquired 16,666 shares.
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Also, Cislini Jeff sold 6,000 shares, netting a total of over 360,000 in proceeds. Following the sale of shares at $60.00 each, the insider now holds 45,634 shares.
Before that, JEFFREY TODD CISLINI had added 6,000 shares to its account. In a trade valued at $340,500, the Officer bought Revolution Medicines Inc shares for $56.75 each.
As published in a research note from Needham on July 16, 2024, Revolution Medicines Inc [RVMD] has been retained to a Buy and the price target has been revised to $62. Analysts at Barclays started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid July. As of July 08, 2024, Jefferies has initiated its “Buy” rating for RVMD. Earlier on April 12, 2024, Needham resumed its rating. Their recommendation was “a Buy” for RVMD stock.
Analyzing RVMD Stock Performance
During the last five days, there has been a drop of approximately -2.93%. Over the course of the year, Revolution Medicines Inc shares have jumped approximately 100.03%. Shares of the company reached a 52-week high of $62.40 on 11/11/24 and a 52-week low of $25.93 on 01/18/24. A 50-day SMA is recorded $48.87, while a 200-day SMA reached $40.32. Nevertheless, trading volume fell to 1.72 million shares from 1.24 million shares the previous day.
Support And Resistance Levels for Revolution Medicines Inc (RVMD)
According to the 24-hour chart, there is a support level at 56.96, which, if violated, would cause prices to drop to 56.55. In the upper region, resistance lies at 58.09. The next price resistance is at 58.81. RSI (Relative Strength Index) is 63.39 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.26, which suggests the price will increase in the coming days. Percent R is at 32.12%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
