In a filing, Roadzen Inc revealed its insider Malhotra Rohan acquired Company’s shares for reported $821.0 on Nov 27 ’24. In the deal valued at $1.03 per share,797 shares were bought. As a result of this transaction, Malhotra Rohan now holds 780,707 shares worth roughly $1.78 million.
Then, Malhotra Rohan bought 135 shares, generating $136 in total proceeds. Upon buying the shares at $1.01, the insider now owns 780,842 shares.
Before that, Malhotra Rohan bought 3,750 shares. Roadzen Inc shares valued at $3,188 were divested by the insider at a price of $0.85 per share. As a result of the transaction, Malhotra Rohan now holds 779,910 shares, worth roughly $1.78 million.
Maxim Group initiated its Roadzen Inc [RDZN] rating to a Buy in a research note published on May 23, 2024; the price target was $10.
Price Performance Review of RDZN
On Monday, Roadzen Inc [NASDAQ:RDZN] saw its stock fall -8.43% to $2.28. Over the last five days, the stock has gained 6.54%. Roadzen Inc shares have risen nearly 4.59% since the year began. Nevertheless, the stocks have fallen -52.00% over the past one year. While a 52-week high of $7.17 was reached on 01/03/25, a 52-week low of $0.71 was recorded on 01/02/25. SMA at 50 days reached $1.42, while 200 days put it at $2.41.
Levels Of Support And Resistance For RDZN Stock
The 24-hour chart illustrates a support level at 2.14, which if violated will result in even more drops to 1.99. On the upside, there is a resistance level at 2.49. A further resistance level may holdings at 2.69. The Relative Strength Index (RSI) on the 14-day chart is 57.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.23%. Stochastics %K at 74.29% indicates the stock is a holding.
How much short interest is there in Roadzen Inc?
A steep rise in short interest was recorded in Roadzen Inc stocks on 2024-12-13, growing by 0.18 million shares to a total of 0.6 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 0.42 million shares. There was a rise of 29.61%, which implies that there is a positive sentiment for the stock.
