Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Revvity Inc shares valued at $262,202 were sold by Vohra Tajinder S on Oct 09 ’24. At $121.73 per share, Vohra Tajinder S sold 2,154 shares. The insider’s holdings dropped to 19,652 shares worth approximately $2.18 million following the completion of this transaction.
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Also, Vohra Tajinder S purchased 2,154 shares, netting a total of over 262,199 in proceeds.
Before that, Vohra Tajinder S had sold 2,154 shares from its account. In a trade valued at $264,057, the insider traded Revvity Inc shares for $122.59 each. Upon closing the transaction, the insider’s holdings decreased to 2,154 shares, worth approximately $2.42 million.
As published in a research note from Barclays on October 15, 2024, Revvity Inc [RVTY] has been rated up from an Equal weight to an Overweight and the price target has been revised to $140 from $125. Analysts at Wells Fargo started covering the stock with ‘”an Equal weight”‘ outlook in a report released in late August. As of July 08, 2024, Leerink Partners has initiated its “an Outperform” rating for RVTY.
Analyzing RVTY Stock Performance
During the last five days, there has been a drop of approximately -4.26%. Over the course of the year, Revvity Inc shares have jumped approximately 1.65%. Shares of the company reached a 52-week high of $129.50 on 11/06/24 and a 52-week low of $97.32 on 04/18/24. A 50-day SMA is recorded $120.73, while a 200-day SMA reached $112.24. Nevertheless, trading volume fell to 1.37 million shares from 0.95 million shares the previous day.
Support And Resistance Levels for Revvity Inc (RVTY)
According to the 24-hour chart, there is a support level at 109.17, which, if violated, would cause prices to drop to 107.24. In the upper region, resistance lies at 113.59. The next price resistance is at 116.07. RSI (Relative Strength Index) is 33.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -7.09, which suggests the price will decrease in the coming days. Percent R is at 82.36%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
