Rockwell Medical Inc’s recently made public that its Director RAVICH MARK H unloaded Company’s shares for reported $46379.0 on Nov 15 ’24. In the deal valued at $2.32 per share,19,991 shares were sold. As a result of this transaction, RAVICH MARK H now holds 0 shares worth roughly $0.0.
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Then, RAVICH MARK H sold 10,000 shares, generating $24,000 in total proceeds. Upon selling the shares at $2.40, the Director now owns 121,429 shares.
Before that, Chole Timothy sold 1,001 shares. Rockwell Medical Inc shares valued at $3,689 were divested by the SVP, Chief Commercial Officer at a price of $3.69 per share. As a result of the transaction, Chole Timothy now holds 55,171 shares, worth roughly $0.12 million.
Rodman & Renshaw initiated its Rockwell Medical Inc [RMTI] rating to a Buy in a research note published on November 14, 2024; the price target was $5. A number of analysts have revised their coverage, including Piper Jaffray’s analysts, who began to cover the stock in late June with a ‘”an Overweight”‘ rating. H.C. Wainwright began covering RMTI with “Buy” recommendation on May 13, 2019. BofA/Merrill revised its rating on November 08, 2016. It rated RMTI as “an Underperform” which previously was an “a Neutral”.
Price Performance Review of RMTI
On Friday, Rockwell Medical Inc [NASDAQ:RMTI] saw its stock jump 2.27% to $2.25. Over the last five days, the stock has lost -4.46%. Rockwell Medical Inc shares have risen nearly 19.05% since the year began. Nevertheless, the stocks have risen 22.28% over the past one year. While a 52-week high of $5.15 was reached on 11/11/24, a 52-week low of $1.16 was recorded on 02/05/24. SMA at 50 days reached $3.53, while 200 days put it at $2.31.
Levels Of Support And Resistance For RMTI Stock
The 24-hour chart illustrates a support level at 2.18, which if violated will result in even more drops to 2.12. On the upside, there is a resistance level at 2.31. A further resistance level may holdings at 2.38. The Relative Strength Index (RSI) on the 14-day chart is 31.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.84, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.67%. Stochastics %K at 2.36% indicates the stock is a buying.
How much short interest is there in Rockwell Medical Inc?
A steep rise in short interest was recorded in Rockwell Medical Inc stocks on 2024-10-15, growing by 0.43 million shares to a total of 0.82 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 0.4 million shares. There was a rise of 51.72%, which implies that there is a positive sentiment for the stock.
