Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Revolution Medicines Inc shares valued at $97,443 were sold by Cislini Jeff on Jan 21 ’25. At $40.50 per share, Cislini Jeff sold 2,406 shares. The insider’s holdings dropped to 39,222 shares worth approximately $1.59 million following the completion of this transaction.
Also, JEFFREY TODD CISLINI purchased 2,406 shares, netting a total of over 96,938 in proceeds.
Before that, Horn Margaret A had sold 4,329 shares from its account. In a trade valued at $196,553, the Chief Operating Officer traded Revolution Medicines Inc shares for $45.40 each. Upon closing the transaction, the insider’s holdings decreased to 4,329 shares, worth approximately $5.18 million.
As published in a research note from Needham on July 16, 2024, Revolution Medicines Inc [RVMD] has been retained to a Buy and the price target has been revised to $62. Analysts at Barclays started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid July. As of July 08, 2024, Jefferies has initiated its “Buy” rating for RVMD. Earlier on April 12, 2024, Needham resumed its rating. Their recommendation was “a Buy” for RVMD stock.
Analyzing RVMD Stock Performance
During the last five days, there has been a drop of approximately -4.35%. Over the course of the year, Revolution Medicines Inc shares have dropped approximately -7.41%. Shares of the company reached a 52-week high of $45.24 on 01/08/25 and a 52-week low of $39.36 on 01/21/25. A 50-day SMA is recorded $42.48, while a 200-day SMA reached $44.61. Nevertheless, trading volume fell to 1.29 million shares from 1.54 million shares the previous day.
Support And Resistance Levels for Revolution Medicines Inc (RVMD)
According to the 24-hour chart, there is a support level at 39.90, which, if violated, would cause prices to drop to 39.30. In the upper region, resistance lies at 41.39. The next price resistance is at 42.28. RSI (Relative Strength Index) is 40.57 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.67, which suggests the price will decrease in the coming days. Percent R is at 91.86%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
