In a filing, Rocket Lab USA Inc revealed its Officer Spice Adam C. acquired Company’s shares for reported $1.51 million on Nov 25 ’24. In the deal valued at $24.15 per share,62,511 shares were bought.
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Then, Klein Frank bought 35,968 shares, generating $868,469 in total proceeds.
Before that, Kampani Arjun bought 7,505 shares. Rocket Lab USA Inc shares valued at $181,213 were divested by the Officer at a price of $24.15 per share.
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 3.44% to $24.06. Over the last five days, the stock has gained 24.73%. Rocket Lab USA Inc shares have risen nearly 335.08% since the year began. Nevertheless, the stocks have risen 449.32% over the past one year. While a 52-week high of $23.81 was reached on 11/25/24, a 52-week low of $3.47 was recorded on 04/16/24. SMA at 50 days reached $12.16, while 200 days put it at $6.61.
Levels Of Support And Resistance For RKLB Stock
The 24-hour chart illustrates a support level at 22.73, which if violated will result in even more drops to 21.39. On the upside, there is a resistance level at 25.49. A further resistance level may holdings at 26.91. The Relative Strength Index (RSI) on the 14-day chart is 85.70, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.08, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.25%. Stochastics %K at 94.38% indicates the stock is a selling.
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.
