Roivant Sciences Ltd’s recently made public that its Officer Venker Eric acquired Company’s shares for reported $1.13 million on Jan 21 ’25. In the deal valued at $11.28 per share,100,000 shares were bought.
Then, Roivant Sciences Ltd. bought 16,845,010 shares, generating $336,900,200 in total proceeds. Upon buying the shares at $20.00, the Director now owns 96,650,341 shares.
Before that, Venker Eric sold 176,900 shares. Roivant Sciences Ltd shares valued at $2,090,958 were divested by the President & COO at a price of $11.82 per share. As a result of the transaction, Venker Eric now holds 668,680 shares, worth roughly $7.54 million.
Wolfe Research initiated its Roivant Sciences Ltd [ROIV] rating to an Outperform in a research note published on February 15, 2024; the price target was $17. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in early January with a ‘”an Overweight”‘ rating. Deutsche Bank began covering ROIV with “Buy” recommendation on December 12, 2023. Guggenheim started covering the stock on October 17, 2023. It rated ROIV as “a Buy”.
Price Performance Review of ROIV
On Tuesday, Roivant Sciences Ltd [NASDAQ:ROIV] saw its stock jump 1.08% to $11.27. Over the last five days, the stock has gained 4.93%. Roivant Sciences Ltd shares have fallen nearly -4.73% since the year began. Nevertheless, the stocks have risen 7.23% over the past one year. While a 52-week high of $13.06 was reached on 01/02/25, a 52-week low of $9.69 was recorded on 01/13/25. SMA at 50 days reached $11.77, while 200 days put it at $11.39.
Levels Of Support And Resistance For ROIV Stock
The 24-hour chart illustrates a support level at 11.14, which if violated will result in even more drops to 11.00. On the upside, there is a resistance level at 11.39. A further resistance level may holdings at 11.51. The Relative Strength Index (RSI) on the 14-day chart is 46.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.25%. Stochastics %K at 43.26% indicates the stock is a holding.
How much short interest is there in Roivant Sciences Ltd?
A steep rise in short interest was recorded in Roivant Sciences Ltd stocks on 2024-12-31, dropping by -4.31 million shares to a total of 43.5 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 47.81 million shares. There was a decline of -9.9%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 08, 2023 when BofA Securities began covering the stock and recommended ‘”a Neutral”‘ rating along with a $10.50 price target.
