Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Resideo Technologies Inc shares valued at $2,585,386 were sold by Aarnes Robert B on Nov 20 ’24. At $26.16 per share, Aarnes Robert B sold 98,829 shares. The insider’s holdings dropped to 458,928 shares worth approximately $12.46 million following the completion of this transaction.
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Also, Aarnes Robert B purchased 98,829 shares, netting a total of over 2,569,554 in proceeds.
Before that, Lane Jeannine J had sold 15,990 shares from its account. In a trade valued at $409,085, the EVP, GC and Corp Sec traded Resideo Technologies Inc shares for $25.58 each. Upon closing the transaction, the insider’s holdings decreased to 15,990 shares, worth approximately $3.49 million.
As of November 02, 2022, Imperial Capital has decreased its “an Outperform” rating to a “an In-line” for REZI. Earlier on March 17, 2021, Morgan Stanley initiated its rating. Their recommendation was “an Equal-weight” for REZI stock.
Analyzing REZI Stock Performance
During the last five days, there has been a surge of approximately 3.00%. Over the course of the year, Resideo Technologies Inc shares have jumped approximately 44.21%. Shares of the company reached a 52-week high of $28.28 on 11/25/24 and a 52-week low of $16.36 on 01/17/24. A 50-day SMA is recorded $21.87, while a 200-day SMA reached $20.99. Nevertheless, trading volume fell to 0.66 million shares from 1.57 million shares the previous day.
Support And Resistance Levels for Resideo Technologies Inc (REZI)
According to the 24-hour chart, there is a support level at 26.94, which, if violated, would cause prices to drop to 26.75. In the upper region, resistance lies at 27.45. The next price resistance is at 27.77. RSI (Relative Strength Index) is 78.20 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.37, which suggests the price will increase in the coming days. Percent R is at 15.02%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
