In a filing, Roadzen Inc revealed its insider Malhotra Rohan acquired Company’s shares for reported $821.0 on Nov 27 ’24. In the deal valued at $1.03 per share,797 shares were bought. As a result of this transaction, Malhotra Rohan now holds 780,707 shares worth roughly $1.19 million.
Then, Malhotra Rohan bought 135 shares, generating $136 in total proceeds. Upon buying the shares at $1.01, the insider now owns 780,842 shares.
Before that, Malhotra Rohan bought 3,750 shares. Roadzen Inc shares valued at $3,188 were divested by the insider at a price of $0.85 per share. As a result of the transaction, Malhotra Rohan now holds 779,910 shares, worth roughly $1.19 million.
Maxim Group initiated its Roadzen Inc [RDZN] rating to a Buy in a research note published on May 23, 2024; the price target was $10.
Price Performance Review of RDZN
On Friday, Roadzen Inc [NASDAQ:RDZN] saw its stock fall -3.18% to $1.52. Over the last five days, the stock has lost -11.11%. Roadzen Inc shares have fallen nearly -30.28% since the year began. Nevertheless, the stocks have fallen -64.49% over the past one year. While a 52-week high of $7.17 was reached on 01/03/25, a 52-week low of $0.71 was recorded on 01/14/25. SMA at 50 days reached $1.5260, while 200 days put it at $2.2222.
Levels Of Support And Resistance For RDZN Stock
The 24-hour chart illustrates a support level at 1.4235, which if violated will result in even more drops to 1.3271. On the upside, there is a resistance level at 1.6032. A further resistance level may holdings at 1.6865. The Relative Strength Index (RSI) on the 14-day chart is 43.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.3731, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.02%. Stochastics %K at 13.97% indicates the stock is a buying.
How much short interest is there in Roadzen Inc?
A steep rise in short interest was recorded in Roadzen Inc stocks on 2024-12-31, growing by 0.59 million shares to a total of 1.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 0.43 million shares. There was a rise of 57.84%, which implies that there is a positive sentiment for the stock.
