Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Revolution Medicines Inc shares valued at $59,999,962 were purchased by Schroeder Thilo on Dec 05 ’24. At $46.00 per share, Schroeder Thilo acquired 1,304,347 shares. The insider’s holdings grew to 2,096,612 shares worth approximately $97.35 million following the completion of this transaction.
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Also, Cislini Jeff sold 2,554 shares, netting a total of over 140,811 in proceeds. Following the sale of shares at $55.13 each, the insider now holds 43,080 shares.
Before that, JEFFREY TODD CISLINI had added 2,554 shares to its account. In a trade valued at $146,523, the Officer bought Revolution Medicines Inc shares for $57.37 each.
As published in a research note from Needham on July 16, 2024, Revolution Medicines Inc [RVMD] has been retained to a Buy and the price target has been revised to $62. Analysts at Barclays started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid July. As of July 08, 2024, Jefferies has initiated its “Buy” rating for RVMD. Earlier on April 12, 2024, Needham resumed its rating. Their recommendation was “a Buy” for RVMD stock.
Analyzing RVMD Stock Performance
During the last five days, there has been a drop of approximately -3.77%. Over the course of the year, Revolution Medicines Inc shares have jumped approximately 61.89%. Shares of the company reached a 52-week high of $62.40 on 11/11/24 and a 52-week low of $25.93 on 01/18/24. A 50-day SMA is recorded $52.20, while a 200-day SMA reached $42.42. Nevertheless, trading volume fell to 1.22 million shares from 1.41 million shares the previous day.
Support And Resistance Levels for Revolution Medicines Inc (RVMD)
According to the 24-hour chart, there is a support level at 46.06, which, if violated, would cause prices to drop to 45.68. In the upper region, resistance lies at 47.17. The next price resistance is at 47.90. RSI (Relative Strength Index) is 31.86 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.26, which suggests the price will decrease in the coming days. Percent R is at 97.72%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
