Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Rocket Lab USA Inc shares valued at $236,345 were purchased by NINA ARMAGNO on Dec 11 ’24. At $23.63 per share, NINA ARMAGNO acquired 10,000 shares.
Also, Slusky Alexander R sold 50,000 shares, netting a total of over 1,214,230 in proceeds. Following the sale of shares at $24.28 each, the insider now holds 584,675 shares.
Before that, Slusky Alexander R had sold 50,000 shares from its account. In a trade valued at $1,150,080, the Director traded Rocket Lab USA Inc shares for $23.00 each. Upon closing the transaction, the insider’s holdings decreased to 50,000 shares, worth approximately $15.29 million.
As published in their initiating research note from JMP Securities on September 12, 2024, Rocket Lab USA Inc [RKLB] has been a Mkt perform. Analysts at Morgan Stanley downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in mid July. As of June 26, 2024, BTIG Research has initiated its “Neutral” rating for RKLB. Earlier on June 11, 2024, Goldman initiated its rating. Their recommendation was “a Neutral” for RKLB stock.
Analyzing RKLB Stock Performance
During the last five days, there has been a drop of approximately -0.94%. Over the course of the year, Rocket Lab USA Inc shares have jumped approximately 12.29%. Shares of the company reached a 52-week high of $33.34 on 01/24/25 and a 52-week low of $23.42 on 01/14/25. A 50-day SMA is recorded $26.12, while a 200-day SMA reached $11.81. Nevertheless, trading volume fell to 15.06 million shares from 17.14 million shares the previous day.
Support And Resistance Levels for Rocket Lab USA Inc (RKLB)
According to the 24-hour chart, there is a support level at 27.92, which, if violated, would cause prices to drop to 27.24. In the upper region, resistance lies at 29.21. The next price resistance is at 29.81. RSI (Relative Strength Index) is 54.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.16, which suggests the price will decrease in the coming days. Percent R is at 50.43%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
