Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Revvity Inc shares valued at $235,395 were sold by McMurry-Heath Michelle on Feb 06 ’25. At $119.49 per share, McMurry-Heath Michelle sold 1,970 shares. The insider’s holdings dropped to 3,021 shares worth approximately $0.34 million following the completion of this transaction.
Also, McMurry-Heath Michelle purchased 1,970 shares, netting a total of over 235,395 in proceeds.
Before that, Goldberg Joel S had sold 15,170 shares from its account. In a trade valued at $1,922,513, the insider traded Revvity Inc shares for $126.73 each. Upon closing the transaction, the insider’s holdings decreased to 15,170 shares, worth approximately $3.77 million.
As published in a research note from Bernstein on January 10, 2025, Revvity Inc [RVTY] has been rated down from an Outperform to a Mkt perform and the price target has been revised to $130. Analysts at BofA Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid December. As of October 15, 2024, Barclays has increased its “an Equal weight” rating to a “an Overweight” for RVTY. Earlier on August 28, 2024, Wells Fargo initiated its rating. Their recommendation was “an Equal weight” for RVTY stock.
Analyzing RVTY Stock Performance
During the last five days, there has been a drop of approximately -5.27%. Over the course of the year, Revvity Inc shares have jumped approximately 1.14%. Shares of the company reached a 52-week high of $128.29 on 01/30/25 and a 52-week low of $109.76 on 02/12/25. A 50-day SMA is recorded $117.33, while a 200-day SMA reached $115.69. Nevertheless, trading volume fell to 0.77 million shares from 0.93 million shares the previous day.
Support And Resistance Levels for Revvity Inc (RVTY)
According to the 24-hour chart, there is a support level at 111.06, which, if violated, would cause prices to drop to 109.24. In the upper region, resistance lies at 114.17. The next price resistance is at 115.46. RSI (Relative Strength Index) is 37.57 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -8.10, which suggests the price will decrease in the coming days. Percent R is at 83.16%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
