Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Revvity Inc shares valued at $641,543 were sold by Vohra Tajinder S on Jan 07 ’25. At $116.81 per share, Vohra Tajinder S sold 5,492 shares. The insider’s holdings dropped to 19,652 shares worth approximately $2.29 million following the completion of this transaction.
Also, Vohra Tajinder S purchased 5,492 shares, netting a total of over 641,539 in proceeds.
Before that, Singh Prahlad R. had sold 18,365 shares from its account. In a trade valued at $2,134,366, the insider traded Revvity Inc shares for $116.22 each. Upon closing the transaction, the insider’s holdings decreased to 18,365 shares, worth approximately $10.5 million.
As published in a research note from BofA Securities on December 13, 2024, Revvity Inc [RVTY] has been rated up from a Neutral to a Buy and the price target has been revised to $138. Analysts at Barclays upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in mid October. As of August 28, 2024, Wells Fargo has initiated its “an Equal weight” rating for RVTY. Earlier on July 08, 2024, Leerink Partners initiated its rating. Their recommendation was “an Outperform” for RVTY stock.
Analyzing RVTY Stock Performance
During the last five days, there has been a surge of approximately 4.31%. Over the course of the year, Revvity Inc shares have jumped approximately 4.31%. Shares of the company reached a 52-week high of $119.41 on 01/07/25 and a 52-week low of $110.72 on 01/03/25. A 50-day SMA is recorded $115.88, while a 200-day SMA reached $113.63. Nevertheless, trading volume fell to 0.76 million shares from 0.69 million shares the previous day.
Support And Resistance Levels for Revvity Inc (RVTY)
According to the 24-hour chart, there is a support level at 114.34, which, if violated, would cause prices to drop to 112.25. In the upper region, resistance lies at 117.74. The next price resistance is at 119.05. RSI (Relative Strength Index) is 57.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.46, which suggests the price will increase in the coming days. Percent R is at 25.40%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
