Relay Therapeutics Inc’s recent filing unveils that its President and CEO Patel Sanjiv unloaded Company’s shares for reported $0.54 million on Feb 11 ’25. In the deal valued at $3.85 per share,140,182 shares were sold. As a result of this transaction, Patel Sanjiv now holds 625,948 shares worth roughly $ 2.45 million.
Then, Patel Sanjiv sold 75,324 shares, generating $278,699 in total proceeds. Upon selling the shares at $3.70, the President and CEO now owns 883,089 shares.
Before that, Rahmer Peter sold 26,541 shares. Relay Therapeutics Inc shares valued at $120,762 were divested by the insider at a price of $4.55 per share. As a result of the transaction, Rahmer Peter now holds 419,681 shares, worth roughly $1.65 million.
Jefferies upgraded its Relay Therapeutics Inc [RLAY] rating to a Buy from a a Hold in a research note published on September 10, 2024; the price target was increased to $16 from $10.60. Oppenheimer also remained covering RLAY and has decreased its forecast on September 10, 2024 with a “Perform” recommendation from previously “an Outperform” rating. Barclays revised its rating on May 10, 2024. It rated RLAY as “an Overweight” which previously was an “an Equal weight”.
Price Performance Review of RLAY
On Tuesday, Relay Therapeutics Inc [NASDAQ:RLAY] saw its stock fall -2.00% to $3.92. Over the last five days, the stock has lost -2.24%. Relay Therapeutics Inc shares have fallen nearly -4.85% since the year began. Nevertheless, the stocks have fallen -60.36% over the past one year. While a 52-week high of $11.16 was reached on 01/10/25, a 52-week low of $3.50 was recorded on 01/16/25. SMA at 50 days reached $4.43, while 200 days put it at $6.23.
Levels Of Support And Resistance For RLAY Stock
The 24-hour chart illustrates a support level at 3.82, which if violated will result in even more drops to 3.73. On the upside, there is a resistance level at 4.10. A further resistance level may holdings at 4.29. The Relative Strength Index (RSI) on the 14-day chart is 40.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.20%. Stochastics %K at 29.07% indicates the stock is a holding.
