Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Relay Therapeutics Inc shares valued at $500,000 were sold by Patel Sanjiv on Dec 16 ’24. At $5.00 per share, Patel Sanjiv sold 100,000 shares. The insider’s holdings dropped to 574,548 shares worth approximately $2.56 million following the completion of this transaction.
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Also, THE PATEL FAMILY IRREVOCABLE U purchased 100,000 shares, netting a total of over 500,000 in proceeds.
Before that, Rahmer Peter had sold 1,621 shares from its account. In a trade valued at $9,823, the insider traded Relay Therapeutics Inc shares for $6.06 each. Upon closing the transaction, the insider’s holdings decreased to 1,621 shares, worth approximately $1.74 million.
As published in a research note from Jefferies on September 10, 2024, Relay Therapeutics Inc [RLAY] has been rated up from a Hold to a Buy and the price target has been revised to $16 from $10.60. As of September 10, 2024, Oppenheimer has decreased its “an Outperform” rating to a “Perform” for RLAY. Earlier on May 10, 2024, Barclays upgraded its rating. Their new recommendation was “an Overweight” for RLAY stock which previously was a “an Equal weight”.
Analyzing RLAY Stock Performance
During the last five days, there has been a surge of approximately 5.95%. Over the course of the year, Relay Therapeutics Inc shares have dropped approximately -59.58%. Shares of the company reached a 52-week high of $12.14 on 01/08/24 and a 52-week low of $4.11 on 12/18/24. A 50-day SMA is recorded $5.27, while a 200-day SMA reached $6.70. Nevertheless, trading volume fell to 1.15 million shares from 0.85 million shares the previous day.
Support And Resistance Levels for Relay Therapeutics Inc (RLAY)
According to the 24-hour chart, there is a support level at 4.23, which, if violated, would cause prices to drop to 4.02. In the upper region, resistance lies at 4.56. The next price resistance is at 4.68. RSI (Relative Strength Index) is 43.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.17, which suggests the price will decrease in the coming days. Percent R is at 67.92%, indicating low price movement. Stochastics %K at buying indicates that the stock is to be held.
