Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Relmada Therapeutics Inc shares valued at $86,060 were purchased by Kelly Paul Edward on May 16 ’25. At $0.43 per share, Kelly Paul Edward acquired 200,000 shares. The insider’s holdings grew to 412,295 shares worth approximately $0.26 million following the completion of this transaction.
Also, Shenouda Maged purchased 90,000 shares, netting a total of over 43,686 in proceeds. Following the buying of shares at $0.49 each, the insider now holds 228,335 shares.
Before that, Shenouda Maged had added 60,000 shares to its account. In a trade valued at $31,422, the Chief Financial Officer bought Relmada Therapeutics Inc shares for $0.52 each. Upon closing the transaction, the insider’s holdings increased to 60,000 shares, worth approximately $0.18 million.
As published in a research note from Mizuho on December 05, 2024, Relmada Therapeutics Inc [RLMD] has been rated down from an Outperform to a Neutral and the price target has been revised to $1 from $23. Analysts at Jefferies upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid September. As of June 05, 2024, Goldman has decreased its “Neutral” rating to a “Sell” for RLMD. Earlier on October 14, 2022, Truist downgraded its rating. Their new recommendation was “a Hold” for RLMD stock which previously was a “a Buy”.
Analyzing RLMD Stock Performance
During the last five days, there has been a surge of approximately 48.77%. Over the course of the year, Relmada Therapeutics Inc shares have jumped approximately 18.27%. Shares of the company reached a 52-week high of $0.7549 on 04/24/25 and a 52-week low of $0.2404 on 03/03/25.
Support And Resistance Levels for Relmada Therapeutics Inc (RLMD)
According to the 24-hour chart, there is a support level at 0.5226, which, if violated, would cause prices to drop to 0.4302. In the upper region, resistance lies at 0.6748. The next price resistance is at 0.7346. RSI (Relative Strength Index) is 64.26 on the 14-day chart, showing neutral technical sentiment.
