In a filing, Revvity Inc revealed its insider Vohra Tajinder S unloaded Company’s shares for reported $0.64 million on Jan 07 ’25. In the deal valued at $116.81 per share,5,492 shares were sold. As a result of this transaction, Vohra Tajinder S now holds 19,652 shares worth roughly $2.44 million.
Then, Vohra Tajinder S bought 5,492 shares, generating $641,539 in total proceeds.
Before that, Singh Prahlad R. sold 18,365 shares. Revvity Inc shares valued at $2,134,366 were divested by the insider at a price of $116.22 per share. As a result of the transaction, Singh Prahlad R. now holds 90,195 shares, worth roughly $11.18 million.
Bernstein downgraded its Revvity Inc [RVTY] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in mid December from “a Neutral” to “a Buy”. Barclays also remained covering RVTY and has increased its forecast on October 15, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. Wells Fargo started covering the stock on August 28, 2024. It rated RVTY as “an Equal weight”.
Price Performance Review of RVTY
On Tuesday, Revvity Inc [NYSE:RVTY] saw its stock jump 4.70% to $123.95. Over the last five days, the stock has gained 1.02%. Revvity Inc shares have risen nearly 11.06% since the year began. Nevertheless, the stocks have risen 17.02% over the past one year. While a 52-week high of $129.50 was reached on 01/21/25, a 52-week low of $97.32 was recorded on 01/03/25. SMA at 50 days reached $115.72, while 200 days put it at $114.20.
Levels Of Support And Resistance For RVTY Stock
The 24-hour chart illustrates a support level at 120.51, which if violated will result in even more drops to 117.06. On the upside, there is a resistance level at 125.72. A further resistance level may holdings at 127.48. The Relative Strength Index (RSI) on the 14-day chart is 64.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.82, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.61%. Stochastics %K at 77.21% indicates the stock is a holding.
How much short interest is there in Revvity Inc?
A steep rise in short interest was recorded in Revvity Inc stocks on 2024-12-31, dropping by 90636.0 shares to a total of 4.22 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 4.31 million shares. There was a decline of -2.15%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 08, 2024 when Leerink Partners began covering the stock and recommended ‘”an Outperform”‘ rating along with a $125 price target.
