Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Rockwell Medical Inc shares valued at $4,445 were purchased by Strobeck Mark on Jan 02 ’25. At $2.06 per share, Strobeck Mark acquired 2,163 shares.
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Also, Chole Timothy purchased 1,001 shares, netting a total of over 2,015 in proceeds.
Before that, RAVICH MARK H had sold 19,991 shares from its account. In a trade valued at $46,379, the Director traded Rockwell Medical Inc shares for $2.32 each. Upon closing the transaction, the insider’s holdings decreased to 19,991 shares, worth approximately $0.0.
As published in their initiating research note from Rodman & Renshaw on November 14, 2024, Rockwell Medical Inc [RMTI] has been a Buy and the price target has been revised to $5. Analysts at Piper Jaffray started covering the stock with ‘”an Overweight”‘ outlook in a report released in late June. As of May 13, 2019, H.C. Wainwright has initiated its “Buy” rating for RMTI. Earlier on November 08, 2016, BofA/Merrill downgraded its rating. Their new recommendation was “an Underperform” for RMTI stock which previously was a “a Neutral”.
Analyzing RMTI Stock Performance
During the last five days, there has been a surge of approximately 3.26%. Over the course of the year, Rockwell Medical Inc shares have jumped approximately 8.82%. Shares of the company reached a 52-week high of $2.24 on 01/02/25 and a 52-week low of $2.04 on 01/02/25. A 50-day SMA is recorded $2.73, while a 200-day SMA reached $2.40. Nevertheless, trading volume fell to 0.58 million shares from 0.54 million shares the previous day.
Support And Resistance Levels for Rockwell Medical Inc (RMTI)
According to the 24-hour chart, there is a support level at 2.09, which, if violated, would cause prices to drop to 1.97. In the upper region, resistance lies at 2.29. The next price resistance is at 2.37. RSI (Relative Strength Index) is 47.41 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.00, which suggests the price will decrease in the coming days. Percent R is at 33.33%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
