Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. AVITA Medical Inc shares valued at $12,152 were purchased by O’Toole David D on Dec 05 ’24. At $12.46 per share, O’Toole David D acquired 975 shares. The insider’s holdings grew to 23,734 shares worth approximately $0.21 million following the completion of this transaction.
Also, O’Toole David D purchased 1,000 shares, netting a total of over 8,900 in proceeds. Following the buying of shares at $8.90 each, the insider now holds 19,734 shares.
Before that, O’Toole David D had added 1,250 shares to its account. In a trade valued at $21,738, the CFO bought AVITA Medical Inc shares for $17.39 each. Upon closing the transaction, the insider’s holdings increased to 1,250 shares, worth approximately $0.17 million.
As published in their initiating research note from D. Boral Capital on December 24, 2024, AVITA Medical Inc [RCEL] has been a Buy and the price target has been revised to $25. Analysts at BTIG Research downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid April. As of June 27, 2023, Cantor Fitzgerald has initiated its “an Overweight” rating for RCEL. Earlier on March 02, 2021, Piper Sandler initiated its rating. Their recommendation was “an Overweight” for RCEL stock.
Analyzing RCEL Stock Performance
During the last five days, there has been a drop of approximately -30.16%. Over the course of the year, AVITA Medical Inc shares have dropped approximately -30.16%. Shares of the company reached a 52-week high of $14.16 on 01/07/25 and a 52-week low of $8.51 on 01/08/25. A 50-day SMA is recorded $12.38, while a 200-day SMA reached $10.41. Nevertheless, trading volume fell to 1.37 million shares from 0.18 million shares the previous day.
Support And Resistance Levels for AVITA Medical Inc (RCEL)
According to the 24-hour chart, there is a support level at 8.19, which, if violated, would cause prices to drop to 7.45. In the upper region, resistance lies at 10.00. The next price resistance is at 11.07. RSI (Relative Strength Index) is 30.27 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.27, which suggests the price will decrease in the coming days. Percent R is at 92.39%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
