Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Rocket Lab USA Inc shares valued at $1,214,230 were sold by Slusky Alexander R on Dec 02 ’24. At $24.28 per share, Slusky Alexander R sold 50,000 shares. The insider’s holdings dropped to 584,675 shares worth approximately $13.51 million following the completion of this transaction.
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Also, Slusky Alexander R sold 50,000 shares, netting a total of over 1,150,080 in proceeds. Following the sale of shares at $23.00 each, the insider now holds 534,675 shares.
Before that, Slusky Alexander R had added 100,000 shares to its account. In a trade valued at $2,301,000, the Officer bought Rocket Lab USA Inc shares for $23.01 each.
As published in their initiating research note from JMP Securities on September 12, 2024, Rocket Lab USA Inc [RKLB] has been a Mkt perform. Analysts at Morgan Stanley downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in mid July. As of June 26, 2024, BTIG Research has initiated its “Neutral” rating for RKLB. Earlier on June 11, 2024, Goldman initiated its rating. Their recommendation was “a Neutral” for RKLB stock.
Analyzing RKLB Stock Performance
During the last five days, there has been a drop of approximately -9.16%. Over the course of the year, Rocket Lab USA Inc shares have jumped approximately 317.90%. Shares of the company reached a 52-week high of $28.10 on 12/02/24 and a 52-week low of $3.47 on 04/16/24. A 50-day SMA is recorded $14.25, while a 200-day SMA reached $7.22. Nevertheless, trading volume fell to 22.93 million shares from 30.28 million shares the previous day.
Support And Resistance Levels for Rocket Lab USA Inc (RKLB)
According to the 24-hour chart, there is a support level at 22.30, which, if violated, would cause prices to drop to 21.49. In the upper region, resistance lies at 23.96. The next price resistance is at 24.81. RSI (Relative Strength Index) is 65.26 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.94, which suggests the price will decrease in the coming days. Percent R is at 44.16%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
