Revolution Medicines Inc’s recent filing unveils that its Chief Operating Officer Horn Margaret A unloaded Company’s shares for reported $0.2 million on Dec 16 ’24. In the deal valued at $45.40 per share,4,329 shares were sold. As a result of this transaction, Horn Margaret A now holds 127,991 shares worth roughly $5.45 million.
Then, GOLDSMITH MARK A sold 11,714 shares, generating $531,860 in total proceeds. Upon selling the shares at $45.40, the insider now owns 325,056 shares.
Before that, Kelsey Stephen Michael sold 4,663 shares. Revolution Medicines Inc shares valued at $211,718 were divested by the insider at a price of $45.40 per share. As a result of the transaction, Kelsey Stephen Michael now holds 259,745 shares, worth roughly $11.06 million.
Needham reiterated its Revolution Medicines Inc [RVMD] rating to a Buy in a research note published on July 16, 2024; the price target was $62. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in mid July with a ‘”an Overweight”‘ rating. Jefferies began covering RVMD with “Buy” recommendation on July 08, 2024. Needham maintained its rating on April 12, 2024. It rated RVMD as “a Buy”.
Price Performance Review of RVMD
On Monday, Revolution Medicines Inc [NASDAQ:RVMD] saw its stock jump 1.89% to $42.57. Over the last five days, the stock has lost -3.51%. Revolution Medicines Inc shares have fallen nearly -2.67% since the year began. Nevertheless, the stocks have risen 48.43% over the past one year. While a 52-week high of $62.40 was reached on 01/08/25, a 52-week low of $25.93 was recorded on 01/13/25. SMA at 50 days reached $50.39, while 200 days put it at $43.70.
Levels Of Support And Resistance For RVMD Stock
The 24-hour chart illustrates a support level at 41.50, which if violated will result in even more drops to 40.42. On the upside, there is a resistance level at 43.29. A further resistance level may holdings at 44.01. The Relative Strength Index (RSI) on the 14-day chart is 35.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.92, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.30%. Stochastics %K at 34.30% indicates the stock is a holding.
How much short interest is there in Revolution Medicines Inc?
A steep rise in short interest was recorded in Revolution Medicines Inc stocks on 2024-12-31, growing by 0.14 million shares to a total of 16.29 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 16.16 million shares. There was a rise of 0.83%, which implies that there is a positive sentiment for the stock.
