Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Roadzen Inc shares valued at $3,188 were purchased by Malhotra Rohan on Nov 22 ’24. At $0.85 per share, Malhotra Rohan acquired 3,750 shares. The insider’s holdings grew to 779,910 shares worth approximately $0.81 million following the completion of this transaction.
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Also, Malhotra Rohan purchased 3,000 shares, netting a total of over 2,460 in proceeds. Following the buying of shares at $0.82 each, the insider now holds 776,160 shares.
Before that, Malhotra Rohan had added 250 shares to its account. In a trade valued at $202, the insider bought Roadzen Inc shares for $0.81 each. Upon closing the transaction, the insider’s holdings increased to 250 shares, worth approximately $0.8 million.
As published in their initiating research note from Maxim Group on May 23, 2024, Roadzen Inc [RDZN] has been a Buy and the price target has been revised to $10.
Analyzing RDZN Stock Performance
During the last five days, there has been a surge of approximately 33.33%. Over the course of the year, Roadzen Inc shares have dropped approximately -79.57%. Shares of the company reached a 52-week high of $7.1700 on 02/02/24 and a 52-week low of $0.7100 on 11/14/24. A 50-day SMA is recorded $0.9773, while a 200-day SMA reached $2.9871. Nevertheless, trading volume fell to 0.19 million shares from 0.32 million shares the previous day.
Support And Resistance Levels for Roadzen Inc (RDZN)
According to the 24-hour chart, there is a support level at 0.9993, which, if violated, would cause prices to drop to 0.9587. In the upper region, resistance lies at 1.0753. The next price resistance is at 1.1107. RSI (Relative Strength Index) is 59.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.1459, which suggests the price will decrease in the coming days. Percent R is at 13.16%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
