Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Roivant Sciences Ltd shares valued at $336,900,200 were purchased by Roivant Sciences Ltd. on Jan 13 ’25. At $20.00 per share, Roivant Sciences Ltd. acquired 16,845,010 shares. The insider’s holdings grew to 96,650,341 shares worth approximately $1.07 billion following the completion of this transaction.
Also, Venker Eric sold 176,900 shares, netting a total of over 2,090,958 in proceeds. Following the sale of shares at $11.82 each, the insider now holds 668,680 shares.
Before that, Venker Eric had sold 177,704 shares from its account. In a trade valued at $2,050,704, the President & COO traded Roivant Sciences Ltd shares for $11.54 each. Upon closing the transaction, the insider’s holdings decreased to 177,704 shares, worth approximately $8.2 million.
As published in their initiating research note from Wolfe Research on February 15, 2024, Roivant Sciences Ltd [ROIV] has been an Outperform and the price target has been revised to $17. Analysts at Piper Sandler started covering the stock with ‘”an Overweight”‘ outlook in a report released in early January. As of December 12, 2023, Deutsche Bank has initiated its “Buy” rating for ROIV. Earlier on October 17, 2023, Guggenheim initiated its rating. Their recommendation was “a Buy” for ROIV stock.
Analyzing ROIV Stock Performance
During the last five days, there has been a drop of approximately -3.91%. Over the course of the year, Roivant Sciences Ltd shares have dropped approximately -6.42%. Shares of the company reached a 52-week high of $12.20 on 01/02/25 and a 52-week low of $10.42 on 01/13/25. A 50-day SMA is recorded $11.80, while a 200-day SMA reached $11.38. Nevertheless, trading volume fell to 3.78 million shares from 5.66 million shares the previous day.
Support And Resistance Levels for Roivant Sciences Ltd (ROIV)
According to the 24-hour chart, there is a support level at 10.95, which, if violated, would cause prices to drop to 10.84. In the upper region, resistance lies at 11.22. The next price resistance is at 11.37. RSI (Relative Strength Index) is 41.41 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.53, which suggests the price will decrease in the coming days. Percent R is at 63.48%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
