RxSight Inc’s recently made public that its Director Maniar Shweta unloaded Company’s shares for reported $0.11 million on Jan 22 ’25. In the deal valued at $30.87 per share,3,519 shares were sold. As a result of this transaction, Maniar Shweta now holds 7,383 shares worth roughly $0.25 million.
Then, Maniar Shweta bought 3,519 shares, generating $108,618 in total proceeds.
Before that, Corley Jesse Anderson bought 1,767 shares. RxSight Inc shares valued at $55,004 were divested by the Director at a price of $31.13 per share. As a result of the transaction, Corley Jesse Anderson now holds 3,210 shares, worth roughly $0.11 million.
Stifel downgraded its RxSight Inc [RXST] rating to a Hold from a a Buy in a research note published on December 20, 2024; the price target was decreased to $40 from $65. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in mid December from “an Overweight” to “an Equal weight”. UBS began covering RXST with “Buy” recommendation on December 06, 2024. Jefferies started covering the stock on October 29, 2024. It rated RXST as “a Buy”.
Price Performance Review of RXST
On Monday, RxSight Inc [NASDAQ:RXST] saw its stock fall -0.50% to $33.70. Over the last five days, the stock has gained 3.69%. RxSight Inc shares have fallen nearly -1.98% since the year began. Nevertheless, the stocks have fallen -25.95% over the past one year. While a 52-week high of $66.54 was reached on 01/07/25, a 52-week low of $26.29 was recorded on 01/13/25. SMA at 50 days reached $37.05, while 200 days put it at $49.06.
Levels Of Support And Resistance For RXST Stock
The 24-hour chart illustrates a support level at 32.43, which if violated will result in even more drops to 31.15. On the upside, there is a resistance level at 34.55. A further resistance level may holdings at 35.39. The Relative Strength Index (RSI) on the 14-day chart is 48.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.54, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.41%. Stochastics %K at 85.50% indicates the stock is a selling.
How much short interest is there in RxSight Inc?
A steep rise in short interest was recorded in RxSight Inc stocks on 2025-01-15, dropping by -0.3 million shares to a total of 2.28 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 2.58 million shares. There was a decline of -13.29%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 20, 2024 when Needham resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $66.