In a filing, Revolve Group Inc revealed its CO-CHIEF EXECUTIVE OFFICER Mente Michael unloaded Company’s shares for reported $3.43 million on Dec 04 ’24. In the deal valued at $34.87 per share,98,429 shares were sold. As a result of this transaction, Mente Michael now holds 0 shares worth roughly $0.0.
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Then, Mente Michael sold 90,266 shares, generating $3,231,606 in total proceeds. Upon selling the shares at $35.80, the CO-CHIEF EXECUTIVE OFFICER now owns 0 shares.
Before that, Mente Michael sold 76,902 shares. Revolve Group Inc shares valued at $2,720,488 were divested by the CO-CHIEF EXECUTIVE OFFICER at a price of $35.38 per share. As a result of the transaction, Mente Michael now holds 0 shares, worth roughly $0.0.
Barclays upgraded its Revolve Group Inc [RVLV] rating to an Equal weight from a an Underweight in a research note published on November 06, 2024; the price target was increased to $25 from $17. TD Cowen also remained covering RVLV and has increased its forecast on March 21, 2024 with a “an Outperform” recommendation from previously “Market perform” rating. Raymond James revised its rating on February 28, 2024. It rated RVLV as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of RVLV
On Monday, Revolve Group Inc [NYSE:RVLV] saw its stock jump 2.75% to $38.11. Over the last five days, the stock has gained 5.31%. Revolve Group Inc shares have risen nearly 129.86% since the year began. Nevertheless, the stocks have risen 115.19% over the past one year. While a 52-week high of $39.03 was reached on 11/26/24, a 52-week low of $13.96 was recorded on 01/19/24. SMA at 50 days reached $30.91, while 200 days put it at $22.93.
Levels Of Support And Resistance For RVLV Stock
The 24-hour chart illustrates a support level at 37.09, which if violated will result in even more drops to 36.08. On the upside, there is a resistance level at 38.90. A further resistance level may holdings at 39.70. The Relative Strength Index (RSI) on the 14-day chart is 63.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.94, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 18.47%. Stochastics %K at 75.03% indicates the stock is a holding.
How much short interest is there in Revolve Group Inc?
A steep rise in short interest was recorded in Revolve Group Inc stocks on 2024-11-29, dropping by -1.82 million shares to a total of 7.97 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 9.78 million shares. There was a decline of -22.84%, which implies that there is a negative sentiment for the stock.
