Roivant Sciences Ltd’s filing revealed that its President & COO Venker Eric unloaded Company’s shares for reported $2.09 million on Dec 27 ’24. In the deal valued at $11.82 per share,176,900 shares were sold. As a result of this transaction, Venker Eric now holds 668,680 shares worth roughly $7.11 million.
Then, Venker Eric sold 177,704 shares, generating $2,050,704 in total proceeds. Upon selling the shares at $11.54, the President & COO now owns 740,976 shares.
Before that, Venker Eric bought 360,000 shares. Roivant Sciences Ltd shares valued at $4,230,000 were divested by the Officer at a price of $11.75 per share.
Wolfe Research initiated its Roivant Sciences Ltd [ROIV] rating to an Outperform in a research note published on February 15, 2024; the price target was $17. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in early January with a ‘”an Overweight”‘ rating. Deutsche Bank began covering ROIV with “Buy” recommendation on December 12, 2023. Guggenheim started covering the stock on October 17, 2023. It rated ROIV as “a Buy”.
Price Performance Review of ROIV
On Friday, Roivant Sciences Ltd [NASDAQ:ROIV] saw its stock fall -3.54% to $10.63. Over the last five days, the stock has lost -12.00%. Roivant Sciences Ltd shares have fallen nearly -10.14% since the year began. Nevertheless, the stocks have fallen -6.34% over the past one year. While a 52-week high of $13.06 was reached on 01/02/25, a 52-week low of $9.69 was recorded on 01/10/25. SMA at 50 days reached $11.84, while 200 days put it at $11.38.
Levels Of Support And Resistance For ROIV Stock
The 24-hour chart illustrates a support level at 10.51, which if violated will result in even more drops to 10.38. On the upside, there is a resistance level at 10.85. A further resistance level may holdings at 11.06. The Relative Strength Index (RSI) on the 14-day chart is 32.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.13%. Stochastics %K at 2.25% indicates the stock is a buying.
How much short interest is there in Roivant Sciences Ltd?
A steep rise in short interest was recorded in Roivant Sciences Ltd stocks on 2024-12-13, growing by 0.85 million shares to a total of 44.2 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 43.35 million shares. There was a rise of 1.92%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 08, 2023 when BofA Securities began covering the stock and recommended ‘”a Neutral”‘ rating along with a $10.50 price target.
