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. Rapid Micro Biosystems Inc shares valued at $10,880 were purchased by PEI MELINDA LITHERLAND on Dec 03 ’24. At $1.00 per share, PEI MELINDA LITHERLAND acquired 10,880 shares. The insider’s holdings grew to 45,180 shares worth approximately $0.15 million following the completion of this transaction.
Also, PEI MELINDA LITHERLAND purchased 9,120 shares, netting a total of over 9,484 in proceeds. Following the buying of shares at $1.04 each, the insider now holds 54,300 shares.
Before that, PEI MELINDA LITHERLAND had added 19,892 shares to its account. In a trade valued at $20,887, the Director bought Rapid Micro Biosystems Inc shares for $1.05 each. Upon closing the transaction, the insider’s holdings increased to 19,892 shares, worth approximately $0.11 million.
As published in their initiating research note from KeyBanc Capital Markets on February 12, 2025, Rapid Micro Biosystems Inc [RPID] has been an Overweight and the price target has been revised to $8. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in mid August.
Analyzing RPID Stock Performance
During the last five days, there has been a surge of approximately 7.59%. Over the course of the year, Rapid Micro Biosystems Inc shares have jumped approximately 262.22%. Shares of the company reached a 52-week high of $3.30 on 02/12/25 and a 52-week low of $0.91 on 01/02/25. A 50-day SMA is recorded $1.40, while a 200-day SMA reached $0.99. Nevertheless, trading volume fell to 0.6 million shares from 0.2 million shares the previous day.
Support And Resistance Levels for Rapid Micro Biosystems Inc (RPID)
According to the 24-hour chart, there is a support level at 2.81, which, if violated, would cause prices to drop to 2.35. In the upper region, resistance lies at 3.51. The next price resistance is at 3.75. RSI (Relative Strength Index) is 77.52 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.63, which suggests the price will decrease in the coming days. Percent R is at 1.82%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
