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. Rocket Lab USA Inc shares valued at $236,345 were sold by Armagno Nina on Dec 11 ’24. At $23.63 per share, Armagno Nina sold 10,000 shares. The insider’s holdings dropped to 132,294 shares worth approximately $2.81 million following the completion of this transaction.
Also, NINA ARMAGNO purchased 10,000 shares, netting a total of over 236,345 in proceeds.
Before that, Slusky Alexander R had sold 50,000 shares from its account. In a trade valued at $1,214,230, the Director traded Rocket Lab USA Inc shares for $24.28 each. Upon closing the transaction, the insider’s holdings decreased to 50,000 shares, worth approximately $12.42 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 -18.05%. Over the course of the year, Rocket Lab USA Inc shares have dropped approximately -16.57%. Shares of the company reached a 52-week high of $33.34 on 01/24/25 and a 52-week low of $19.78 on 02/25/25. A 50-day SMA is recorded $26.68, while a 200-day SMA reached $13.36. Nevertheless, trading volume fell to 16.14 million shares from 29.09 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 20.68, which, if violated, would cause prices to drop to 20.11. In the upper region, resistance lies at 21.64. The next price resistance is at 22.03. RSI (Relative Strength Index) is 34.04 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.68, which suggests the price will decrease in the coming days. Percent R is at 86.99%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
