Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. REV Group Inc shares valued at $146,008 were sold by LaDue Joseph on Jan 13 ’25. At $32.21 per share, LaDue Joseph sold 4,533 shares. The insider’s holdings dropped to 20,442 shares worth approximately $0.7 million following the completion of this transaction.
Also, LaDue Joseph purchased 4,533 shares, netting a total of over 145,994 in proceeds.
Before that, Dutil Charles had sold 12,500 shares from its account. In a trade valued at $356,250, the Director traded REV Group Inc shares for $28.50 each. Upon closing the transaction, the insider’s holdings decreased to 12,500 shares, worth approximately $1.43 million.
As published in their initiating research note from Morgan Stanley on June 11, 2024, REV Group Inc [REVG] has been an Equal-weight and the price target has been revised to $29.50. Analysts at DA Davidson upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late September. As of March 06, 2023, Robert W. Baird has increased its “Neutral” rating to a “an Outperform” for REVG. Earlier on June 29, 2022, DA Davidson initiated its rating. Their recommendation was “a Neutral” for REVG stock.
Analyzing REVG Stock Performance
During the last five days, there has been a surge of approximately 2.08%. Over the course of the year, REV Group Inc shares have jumped approximately 7.84%. Shares of the company reached a 52-week high of $36.00 on 01/23/25 and a 52-week low of $31.14 on 01/10/25. A 50-day SMA is recorded $32.66, while a 200-day SMA reached $28.34. Nevertheless, trading volume fell to 0.57 million shares from 0.45 million shares the previous day.
Support And Resistance Levels for REV Group Inc (REVG)
According to the 24-hour chart, there is a support level at 34.04, which, if violated, would cause prices to drop to 33.70. In the upper region, resistance lies at 34.70. The next price resistance is at 35.02. RSI (Relative Strength Index) is 55.42 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.52, which suggests the price will decrease in the coming days. Percent R is at 54.33%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
