Rocket Lab USA Inc’s recently made public that its Director Ocko Matthew unloaded Company’s shares for reported $61.31 million on Nov 15 ’24. In the deal valued at $18.21 per share,3,366,193 shares were sold. As a result of this transaction, Ocko Matthew now holds 1,377,943 shares worth roughly $26.58 million.
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Then, Ocko Matthew sold 2,000,000 shares, generating $35,452,400 in total proceeds. Upon selling the shares at $17.73, the Director now owns 2,351,135 shares.
Before that, GRIFFIN MICHAEL D sold 39,446 shares. Rocket Lab USA Inc shares valued at $272,177 were divested by the Director at a price of $6.90 per share. As a result of the transaction, GRIFFIN MICHAEL D now holds 0 shares, worth roughly $0.0.
JMP Securities initiated its Rocket Lab USA Inc [RKLB] rating to a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in mid July from “an Overweight” to “an Equal-weight”. BTIG Research began covering RKLB with “Neutral” recommendation on June 26, 2024. Goldman started covering the stock on June 11, 2024. It rated RKLB as “a Neutral”.
Price Performance Review of RKLB
On Monday, Rocket Lab USA Inc [NASDAQ:RKLB] saw its stock jump 1.53% to $19.29. Over the last five days, the stock has gained 30.51%. Rocket Lab USA Inc shares have risen nearly 248.82% since the year began. Nevertheless, the stocks have risen 357.11% over the past one year. While a 52-week high of $22.55 was reached on 11/13/24, a 52-week low of $3.47 was recorded on 04/16/24. SMA at 50 days reached $10.64, while 200 days put it at $6.17.
Levels Of Support And Resistance For RKLB Stock
The 24-hour chart illustrates a support level at 18.39, which if violated will result in even more drops to 17.49. On the upside, there is a resistance level at 20.27. A further resistance level may holdings at 21.25. The Relative Strength Index (RSI) on the 14-day chart is 80.13, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.26, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 26.59%. Stochastics %K at 67.37% indicates the stock is a holding.
How much short interest is there in Rocket Lab USA Inc?
A steep rise in short interest was recorded in Rocket Lab USA Inc stocks on 2024-10-31, dropping by -2.3 million shares to a total of 58.95 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 61.25 million shares. There was a decline of -3.89%, which implies that there is a negative sentiment for the stock.
