The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Rezolute Inc shares valued at $42,900 were purchased by Evans Daron on Dec 18 ’24. At $4.29 per share, Evans Daron acquired 10,000 shares. The insider’s holdings grew to 150,900 shares worth approximately $0.73 million following the completion of this transaction.
Also, Evans Daron purchased 9,000 shares, netting a total of over 41,400 in proceeds. Following the buying of shares at $4.60 each, the insider now holds 140,900 shares.
Before that, Evans Daron had added 10,549 shares to its account. In a trade valued at $53,167, the CFO bought Rezolute Inc shares for $5.04 each. Upon closing the transaction, the insider’s holdings increased to 10,549 shares, worth approximately $0.63 million.
As published in their initiating research note from Wedbush on November 05, 2024, Rezolute Inc [RZLT] has been an Outperform and the price target has been revised to $12. Analysts at Guggenheim started covering the stock with ‘”a Buy”‘ outlook in a report released in late August. As of July 17, 2024, BTIG Research has initiated its “Buy” rating for RZLT. Earlier on June 04, 2024, Craig Hallum initiated its rating. Their recommendation was “a Buy” for RZLT stock.
Analyzing RZLT Stock Performance
During the last five days, there has been a surge of approximately 1.91%. Over the course of the year, Rezolute Inc shares have dropped approximately -1.84%. Shares of the company reached a 52-week high of $5.52 on 01/07/25 and a 52-week low of $4.47 on 01/16/25. A 50-day SMA is recorded $4.98, while a 200-day SMA reached $4.44. Nevertheless, trading volume fell to 0.61 million shares from 0.22 million shares the previous day.
Support And Resistance Levels for Rezolute Inc (RZLT)
According to the 24-hour chart, there is a support level at 4.71, which, if violated, would cause prices to drop to 4.61. In the upper region, resistance lies at 4.99. The next price resistance is at 5.17. RSI (Relative Strength Index) is 47.76 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.10, which suggests the price will decrease in the coming days. Percent R is at 67.62%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
