Rockwell Medical Inc’s filing revealed that its SVP, Chief Commercial Officer Chole Timothy unloaded Company’s shares for reported $2052.0 on Jan 02 ’25. In the deal valued at $2.05 per share,1,001 shares were sold. As a result of this transaction, Chole Timothy now holds 54,170 shares worth roughly $0.11 million.
Then, Strobeck Mark sold 2,163 shares, generating $4,445 in total proceeds. Upon selling the shares at $2.06, the President and CEO now owns 145,038 shares.
Before that, Strobeck Mark bought 2,163 shares. Rockwell Medical Inc shares valued at $4,445 were divested by the Officer at a price of $2.06 per share.
Rodman & Renshaw initiated its Rockwell Medical Inc [RMTI] rating to a Buy in a research note published on November 14, 2024; the price target was $5. A number of analysts have revised their coverage, including Piper Jaffray’s analysts, who began to cover the stock in late June with a ‘”an Overweight”‘ rating. H.C. Wainwright began covering RMTI with “Buy” recommendation on May 13, 2019. BofA/Merrill revised its rating on November 08, 2016. It rated RMTI as “an Underperform” which previously was an “a Neutral”.
Price Performance Review of RMTI
On Friday, Rockwell Medical Inc [NASDAQ:RMTI] saw its stock jump 0.95% to $2.12. Over the last five days, the stock has gained 1.92%. Rockwell Medical Inc shares have risen nearly 3.92% since the year began. Nevertheless, the stocks have risen 47.22% over the past one year. While a 52-week high of $5.15 was reached on 01/06/25, a 52-week low of $1.16 was recorded on 01/13/25. SMA at 50 days reached $2.41, while 200 days put it at $2.43.
Levels Of Support And Resistance For RMTI Stock
The 24-hour chart illustrates a support level at 2.09, which if violated will result in even more drops to 2.06. On the upside, there is a resistance level at 2.16. A further resistance level may holdings at 2.21. The Relative Strength Index (RSI) on the 14-day chart is 45.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.91%. Stochastics %K at 30.30% indicates the stock is a holding.
How much short interest is there in Rockwell Medical Inc?
A steep rise in short interest was recorded in Rockwell Medical Inc stocks on 2024-10-15, growing by 0.43 million shares to a total of 0.82 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 0.4 million shares. There was a rise of 51.72%, which implies that there is a positive sentiment for the stock.
