In a filing, Rocket Lab USA Inc revealed its Director Saintil Merline unloaded Company’s shares for reported $1.28 million on Nov 26 ’24. In the deal valued at $25.55 per share,50,000 shares were sold. As a result of this transaction, Saintil Merline now holds 432,275 shares worth roughly $11.79 million.
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Then, Spice Adam C. sold 62,511 shares, generating $1,509,366 in total proceeds. Upon selling the shares at $24.15, the Chief Financial Officer now owns 1,259,522 shares.
Before that, Klein Frank sold 35,968 shares. Rocket Lab USA Inc shares valued at $868,469 were divested by the Chief Operations Officer at a price of $24.15 per share. As a result of the transaction, Klein Frank now holds 1,464,032 shares, worth roughly $39.94 million.
JMP Securities initiated its Rocket Lab USA Inc [RKLB] rating to a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in mid July from “an Overweight” to “an Equal-weight”. BTIG Research began covering RKLB with “Neutral” recommendation on June 26, 2024. Goldman started covering the stock on June 11, 2024. It rated RKLB as “a Neutral”.
Price Performance Review of RKLB
On Friday, Rocket Lab USA Inc [NASDAQ:RKLB] saw its stock jump 6.27% to $27.28. Over the last five days, the stock has gained 21.73%. Rocket Lab USA Inc shares have risen nearly 393.31% since the year began. Nevertheless, the stocks have risen 521.41% over the past one year. While a 52-week high of $27.20 was reached on 11/29/24, a 52-week low of $3.47 was recorded on 04/16/24. SMA at 50 days reached $13.30, while 200 days put it at $6.94.
Levels Of Support And Resistance For RKLB Stock
The 24-hour chart illustrates a support level at 25.94, which if violated will result in even more drops to 24.61. On the upside, there is a resistance level at 28.33. A further resistance level may holdings at 29.39. The Relative Strength Index (RSI) on the 14-day chart is 89.10, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.22, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.48%. Stochastics %K at 91.04% indicates the stock is a selling.
How much short interest is there in Rocket Lab USA Inc?
A steep rise in short interest was recorded in Rocket Lab USA Inc stocks on 2024-11-15, dropping by -8.39 million shares to a total of 53.74 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 62.13 million shares. There was a decline of -15.61%, which implies that there is a negative sentiment for the stock.
