Revolution Medicines Inc’s recently made public that its Officer JEFFREY TODD CISLINI acquired Company’s shares for reported $0.15 million on Nov 15 ’24. In the deal valued at $57.37 per share,2,554 shares were bought.
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Then, Kelsey Stephen Michael sold 16,666 shares, generating $977,509 in total proceeds. Upon selling the shares at $58.65, the insider now owns 264,408 shares.
Before that, STEPHEN M. KELSEY bought 16,666 shares. Revolution Medicines Inc shares valued at $988,794 were divested by the Officer at a price of $59.33 per share.
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 fall -1.61% to $54.24. Over the last five days, the stock has lost -10.50%. Revolution Medicines Inc shares have risen nearly 89.12% since the year began. Nevertheless, the stocks have risen 155.25% over the past one year. While a 52-week high of $62.40 was reached on 11/11/24, a 52-week low of $20.51 was recorded on 01/18/24. SMA at 50 days reached $49.38, while 200 days put it at $40.58.
Levels Of Support And Resistance For RVMD Stock
The 24-hour chart illustrates a support level at 53.30, which if violated will result in even more drops to 52.37. On the upside, there is a resistance level at 55.56. A further resistance level may holdings at 56.89. The Relative Strength Index (RSI) on the 14-day chart is 51.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.38%. Stochastics %K at 51.17% indicates the stock is a holding.
How much short interest is there in Revolution Medicines Inc?
A steep rise in short interest was recorded in Revolution Medicines Inc stocks on 2024-10-31, growing by 1.8 million shares to a total of 18.14 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 16.34 million shares. There was a rise of 9.93%, which implies that there is a positive sentiment for the stock.
