Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Rezolute Inc shares valued at $20,017 were purchased by Hogenhuis Wladimir on Sep 24 ’24. At $4.70 per share, Hogenhuis Wladimir acquired 4,259 shares. The insider’s holdings grew to 41,767 shares worth approximately $0.21 million following the completion of this transaction.
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Also, Hogenhuis Wladimir purchased 4,815 shares, netting a total of over 19,982 in proceeds. Following the buying of shares at $4.15 each, the insider now holds 37,508 shares.
Before that, ROBERTS BRIAN KENNETH had added 4,300 shares to its account. In a trade valued at $16,828, the Chief Medical Officer bought Rezolute Inc shares for $3.91 each. Upon closing the transaction, the insider’s holdings increased to 4,300 shares, worth approximately $0.27 million.
As published in their initiating research note from Wedbush on November 05, 2024, Rezolute Inc [RZLT] has been an Outperform and the price target has been revised to $12. Analysts at Guggenheim started covering the stock with ‘”a Buy”‘ outlook in a report released in late August. As of July 17, 2024, BTIG Research has initiated its “Buy” rating for RZLT. Earlier on June 04, 2024, Craig Hallum initiated its rating. Their recommendation was “a Buy” for RZLT stock.
Analyzing RZLT Stock Performance
During the last five days, there has been a drop of approximately -0.40%. Over the course of the year, Rezolute Inc shares have jumped approximately 402.77%. Shares of the company reached a 52-week high of $6.19 on 11/11/24 and a 52-week low of $0.90 on 01/17/24. A 50-day SMA is recorded $5.12, while a 200-day SMA reached $3.91. Nevertheless, trading volume fell to 0.4 million shares from 0.27 million shares the previous day.
Support And Resistance Levels for Rezolute Inc (RZLT)
According to the 24-hour chart, there is a support level at 4.78, which, if violated, would cause prices to drop to 4.56. In the upper region, resistance lies at 5.13. The next price resistance is at 5.26. RSI (Relative Strength Index) is 44.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.34, which suggests the price will decrease in the coming days. Percent R is at 78.37%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
