Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. RxSight Inc shares valued at $173,518 were sold by Maniar Shweta on Nov 26 ’24. At $45.88 per share, Maniar Shweta sold 3,782 shares. The insider’s holdings dropped to 10,902 shares worth approximately $0.51 million following the completion of this transaction.
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Also, Goldshleger Ilya sold 3,100 shares, netting a total of over 142,228 in proceeds. Following the sale of shares at $45.88 each, the insider now holds 42,246 shares.
Before that, Goldshleger Ilya had sold 3,100 shares from its account. In a trade valued at $139,500, the insider traded RxSight Inc shares for $45.00 each. Upon closing the transaction, the insider’s holdings decreased to 3,100 shares, worth approximately $1.96 million.
As published in their initiating research note from Jefferies on October 29, 2024, RxSight Inc [RXST] has been a Buy and the price target has been revised to $72. Analysts at Needham resumed the stock at ‘”a Buy”‘ outlook in a report released in mid August. As of August 06, 2024, Needham has reiterated its “Buy” rating for RXST. Earlier on May 07, 2024, BTIG Research resumed its rating. Their recommendation was “a Buy” for RXST stock.
Analyzing RXST Stock Performance
During the last five days, there has been a surge of approximately 3.55%. Over the course of the year, RxSight Inc shares have jumped approximately 15.08%. Shares of the company reached a 52-week high of $66.54 on 05/07/24 and a 52-week low of $34.92 on 01/03/24. A 50-day SMA is recorded $48.85, while a 200-day SMA reached $52.70. Nevertheless, trading volume fell to 0.22 million shares from 0.76 million shares the previous day.
Support And Resistance Levels for RxSight Inc (RXST)
According to the 24-hour chart, there is a support level at 45.88, which, if violated, would cause prices to drop to 45.35. In the upper region, resistance lies at 47.16. The next price resistance is at 47.92. RSI (Relative Strength Index) is 45.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.78, which suggests the price will decrease in the coming days. Percent R is at 42.54%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
