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Barclays upgrades Revvity Inc (RVTY) stock to an Overweight

Revvity Inc’s recent filing unveils that its insider Singh Prahlad R. unloaded Company’s shares for reported $2.13 million on Dec 02 ’24. In the deal valued at $116.22 per share,18,365 shares were sold. As a result of this transaction, Singh Prahlad R. now holds 90,195 shares worth roughly $10.37 million.

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Then, Singh Prahlad R. bought 18,365 shares, generating $2,126,483 in total proceeds.

Before that, Vohra Tajinder S sold 2,154 shares. Revvity Inc shares valued at $262,202 were divested by the insider at a price of $121.73 per share. As a result of the transaction, Vohra Tajinder S now holds 19,652 shares, worth roughly $2.26 million.

Barclays upgraded its Revvity Inc [RVTY] rating to an Overweight from a an Equal weight in a research note published on October 15, 2024; the price target was increased to $140 from $125. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in late August with a ‘”an Equal weight”‘ rating. Leerink Partners began covering RVTY with “an Outperform” recommendation on July 08, 2024.

Price Performance Review of RVTY

On Tuesday, Revvity Inc [NYSE:RVTY] saw its stock fall -1.44% to $115.02. Over the last five days, the stock has gained 0.31%. Revvity Inc shares have risen nearly 5.22% since the year began. Nevertheless, the stocks have risen 26.01% over the past one year. While a 52-week high of $129.50 was reached on 11/06/24, a 52-week low of $88.62 was recorded on 04/18/24. SMA at 50 days reached $119.57, while 200 days put it at $112.65.

Levels Of Support And Resistance For RVTY Stock

The 24-hour chart illustrates a support level at 114.04, which if violated will result in even more drops to 113.05. On the upside, there is a resistance level at 116.53. A further resistance level may holdings at 118.03. The Relative Strength Index (RSI) on the 14-day chart is 45.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.17, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 42.64%. Stochastics %K at 62.36% indicates the stock is a holding.

How much short interest is there in Revvity Inc?

A steep rise in short interest was recorded in Revvity Inc stocks on 2024-11-15, growing by 0.17 million shares to a total of 4.09 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 3.92 million shares. There was a rise of 4.07%, which implies that there is a positive sentiment for the stock.

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