Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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 $2.35 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 $10.78 million.
As published in a research note from Bernstein on January 10, 2025, Revvity Inc [RVTY] has been rated down from an Outperform to a Mkt perform and the price target has been revised to $130. Analysts at BofA Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid December. As of October 15, 2024, Barclays has increased its “an Equal weight” rating to a “an Overweight” for RVTY. Earlier on August 28, 2024, Wells Fargo initiated its rating. Their recommendation was “an Equal weight” for RVTY stock.
Analyzing RVTY Stock Performance
During the last five days, there has been a surge of approximately 2.67%. Over the course of the year, Revvity Inc shares have jumped approximately 7.10%. Shares of the company reached a 52-week high of $123.00 on 01/15/25 and a 52-week low of $110.72 on 01/03/25. A 50-day SMA is recorded $115.89, while a 200-day SMA reached $114.01. Nevertheless, trading volume fell to 0.67 million shares from 0.94 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 117.46, which, if violated, would cause prices to drop to 115.39. In the upper region, resistance lies at 120.74. The next price resistance is at 121.95. RSI (Relative Strength Index) is 58.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.21, which suggests the price will increase in the coming days. Percent R is at 25.50%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
