Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Revvity Inc shares valued at $2,134,366 were sold by Singh Prahlad R. on Dec 02 ’24. At $116.22 per share, Singh Prahlad R. sold 18,365 shares. The insider’s holdings dropped to 90,195 shares worth approximately $9.97 million following the completion of this transaction.
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Also, Singh Prahlad R. purchased 18,365 shares, netting a total of over 2,126,483 in proceeds.
Before that, Vohra Tajinder S had sold 2,154 shares from its account. In a trade valued at $262,202, the insider traded Revvity Inc shares for $121.73 each. Upon closing the transaction, the insider’s holdings decreased to 2,154 shares, worth approximately $2.17 million.
As published in a research note from BofA Securities on December 13, 2024, Revvity Inc [RVTY] has been rated up from a Neutral to a Buy and the price target has been revised to $138. Analysts at Barclays upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in mid October. As of August 28, 2024, Wells Fargo has initiated its “an Equal weight” rating for RVTY. Earlier on July 08, 2024, Leerink Partners initiated its rating. Their recommendation was “an Outperform” for RVTY stock.
Analyzing RVTY Stock Performance
During the last five days, there has been a drop of approximately -4.72%. Over the course of the year, Revvity Inc shares have jumped approximately 1.13%. Shares of the company reached a 52-week high of $129.50 on 11/06/24 and a 52-week low of $97.32 on 04/18/24. A 50-day SMA is recorded $117.44, while a 200-day SMA reached $113.21. Nevertheless, trading volume fell to 0.74 million shares from 0.99 million shares the previous day.
Support And Resistance Levels for Revvity Inc (RVTY)
According to the 24-hour chart, there is a support level at 108.44, which, if violated, would cause prices to drop to 106.34. In the upper region, resistance lies at 111.84. The next price resistance is at 113.14. RSI (Relative Strength Index) is 37.58 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.93, which suggests the price will decrease in the coming days. Percent R is at 77.98%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
