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. Relay Therapeutics Inc shares valued at $599,575 were purchased by THE PATEL FAMILY IRREVOCABLE U on Jan 22 ’25. At $4.80 per share, THE PATEL FAMILY IRREVOCABLE U acquired 125,000 shares.
Also, THE PATEL FAMILY IRREVOCABLE U purchased 125,000 shares, netting a total of over 565,312 in proceeds.
Before that, Rahmer Peter had sold 32,177 shares from its account. In a trade valued at $138,361, the insider traded Relay Therapeutics Inc shares for $4.30 each. Upon closing the transaction, the insider’s holdings decreased to 32,177 shares, worth approximately $1.6 million.
As published in a research note from Jefferies on September 10, 2024, Relay Therapeutics Inc [RLAY] has been rated up from a Hold to a Buy and the price target has been revised to $16 from $10.60. As of September 10, 2024, Oppenheimer has decreased its “an Outperform” rating to a “Perform” for RLAY. Earlier on May 10, 2024, Barclays upgraded its rating. Their new recommendation was “an Overweight” for RLAY stock which previously was a “an Equal weight”.
Analyzing RLAY Stock Performance
During the last five days, there has been a surge of approximately 13.23%. Over the course of the year, Relay Therapeutics Inc shares have jumped approximately 19.42%. Shares of the company reached a 52-week high of $5.99 on 01/10/25 and a 52-week low of $3.50 on 01/16/25. A 50-day SMA is recorded $4.72, while a 200-day SMA reached $6.43. Nevertheless, trading volume fell to 2.38 million shares from 2.44 million shares the previous day.
Support And Resistance Levels for Relay Therapeutics Inc (RLAY)
According to the 24-hour chart, there is a support level at 4.68, which, if violated, would cause prices to drop to 4.45. In the upper region, resistance lies at 5.10. The next price resistance is at 5.29. RSI (Relative Strength Index) is 55.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.21, which suggests the price will decrease in the coming days. Percent R is at 42.97%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
