The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Rockwell Medical Inc shares valued at $2,052 were sold by Chole Timothy on Jan 02 ’25. At $2.05 per share, Chole Timothy sold 1,001 shares. The insider’s holdings dropped to 54,170 shares worth approximately $0.12 million following the completion of this transaction.
Also, Strobeck Mark sold 2,163 shares, netting a total of over 4,445 in proceeds. Following the sale of shares at $2.06 each, the insider now holds 145,038 shares.
Before that, Strobeck Mark had added 2,163 shares to its account. In a trade valued at $4,445, the Officer bought Rockwell Medical Inc shares for $2.06 each.
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 4.41%. Over the course of the year, Rockwell Medical Inc shares have jumped approximately 4.41%. Shares of the company reached a 52-week high of $2.41 on 01/06/25 and a 52-week low of $2.04 on 01/02/25. A 50-day SMA is recorded $2.62, while a 200-day SMA reached $2.42. Nevertheless, trading volume fell to 0.23 million shares from 0.22 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 2.08, which, if violated, would cause prices to drop to 2.03. In the upper region, resistance lies at 2.21. The next price resistance is at 2.28. RSI (Relative Strength Index) is 43.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.06, which suggests the price will decrease in the coming days. Percent R is at 65.12%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
