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RCEL Stock Sees Decline of Approximately -1.53% in Last Five Days

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. AVITA Medical Inc shares valued at $8,900 were purchased by O’Toole David D on May 30 ’24. At $8.90 per share, O’Toole David D acquired 1,000 shares. The insider’s holdings grew to 19,734 shares worth approximately $0.25 million following the completion of this transaction.

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Also, O’Toole David D purchased 1,250 shares, netting a total of over 21,738 in proceeds. Following the buying of shares at $17.39 each, the insider now holds 18,734 shares.

Before that, CORBETT JAMES had sold 1,445 shares from its account. In a trade valued at $19,204, the CEO traded AVITA Medical Inc shares for $13.29 each. Upon closing the transaction, the insider’s holdings decreased to 1,445 shares, worth approximately $0.15 million.

As published in a research note from BTIG Research on April 11, 2024, AVITA Medical Inc [RCEL] has been rated down from a Buy to a Neutral. Analysts at Cantor Fitzgerald started covering the stock with ‘”an Overweight”‘ outlook in a report released in late June. As of March 02, 2021, Piper Sandler has initiated its “an Overweight” rating for RCEL. Earlier on August 27, 2020, BofA Securities initiated its rating. Their recommendation was “a Buy” for RCEL stock.

Analyzing RCEL Stock Performance

During the last five days, there has been a drop of approximately -1.53%. Over the course of the year, AVITA Medical Inc shares have dropped approximately -6.34%. Shares of the company reached a 52-week high of $18.93 on 02/27/24 and a 52-week low of $7.51 on 05/14/24. A 50-day SMA is recorded $11.21, while a 200-day SMA reached $11.00. Nevertheless, trading volume fell to 56330.0 shares from 0.11 million shares the previous day.

Support And Resistance Levels for AVITA Medical Inc (RCEL)

According to the 24-hour chart, there is a support level at 12.64, which, if violated, would cause prices to drop to 12.43. In the upper region, resistance lies at 13.05. The next price resistance is at 13.25. RSI (Relative Strength Index) is 60.70 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.25, which suggests the price will decrease in the coming days. Percent R is at 36.47%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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