In a filing, Rockwell Medical Inc revealed its Director RAVICH MARK H unloaded Company’s shares for reported $46379.0 on Nov 15 ’24. In the deal valued at $2.32 per share,19,991 shares were sold. As a result of this transaction, RAVICH MARK H now holds 0 shares worth roughly $0.0.
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Then, RAVICH MARK H sold 10,000 shares, generating $24,000 in total proceeds. Upon selling the shares at $2.40, the Director now owns 121,429 shares.
Before that, Chole Timothy sold 1,001 shares. Rockwell Medical Inc shares valued at $3,689 were divested by the SVP, Chief Commercial Officer at a price of $3.69 per share. As a result of the transaction, Chole Timothy now holds 55,171 shares, worth roughly $0.12 million.
Rodman & Renshaw initiated its Rockwell Medical Inc [RMTI] rating to a Buy in a research note published on November 14, 2024; the price target was $5. A number of analysts have revised their coverage, including Piper Jaffray’s analysts, who began to cover the stock in late June with a ‘”an Overweight”‘ rating. H.C. Wainwright began covering RMTI with “Buy” recommendation on May 13, 2019. BofA/Merrill revised its rating on November 08, 2016. It rated RMTI as “an Underperform” which previously was an “a Neutral”.
Price Performance Review of RMTI
On Tuesday, Rockwell Medical Inc [NASDAQ:RMTI] saw its stock jump 1.90% to $2.15. Over the last five days, the stock has lost -2.75%. Rockwell Medical Inc shares have risen nearly 14.23% since the year began. Nevertheless, the stocks have risen 14.23% over the past one year. While a 52-week high of $5.15 was reached on 11/11/24, a 52-week low of $1.16 was recorded on 02/05/24. SMA at 50 days reached $2.86, while 200 days put it at $2.38.
Levels Of Support And Resistance For RMTI Stock
The 24-hour chart illustrates a support level at 2.12, which if violated will result in even more drops to 2.08. On the upside, there is a resistance level at 2.18. A further resistance level may holdings at 2.20. The Relative Strength Index (RSI) on the 14-day chart is 41.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.78%. Stochastics %K at 37.04% indicates the stock is a holding.
How much short interest is there in Rockwell Medical Inc?
A steep rise in short interest was recorded in Rockwell Medical Inc stocks on 2024-10-15, growing by 0.43 million shares to a total of 0.82 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 0.4 million shares. There was a rise of 51.72%, which implies that there is a positive sentiment for the stock.
