Rezolve AI (NASDAQ:RZLV) Sees Unusually-High Trading Volume – Here’s What Happened

by · The Markets Daily

Shares of Rezolve AI Limited (NASDAQ:RZLV – Get Free Report) saw unusually-strong trading volume on Monday . Approximately 9,394,168 shares changed hands during mid-day trading, an increase of 105% from the previous session’s volume of 4,585,147 shares.The stock last traded at $4.26 and had previously closed at $4.60.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on RZLV shares. Northland Capmk raised shares of Rezolve AI to a “strong-buy” rating in a report on Tuesday, December 17th. D. Boral Capital reaffirmed a “buy” rating and issued a $8.00 price target on shares of Rezolve AI in a research report on Friday, December 20th. Roth Mkm began coverage on Rezolve AI in a research note on Tuesday, December 10th. They issued a “buy” rating and a $4.00 price objective on the stock. Northland Securities began coverage on Rezolve AI in a research note on Wednesday, December 18th. They set an “outperform” rating and a $5.00 target price for the company. Finally, Roth Capital raised Rezolve AI to a “strong-buy” rating in a research report on Tuesday, December 10th. Four research analysts have rated the stock with a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $5.50.

Get Our Latest Analysis on RZLV

Rezolve AI Trading Down 19.1 %

The company’s 50-day moving average price is $3.32.

Institutional Trading of Rezolve AI

An institutional investor recently bought a new position in Rezolve AI stock. K2 Principal Fund L.P. bought a new stake in Rezolve AI Limited (NASDAQ:RZLV – Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 131,250 shares of the company’s stock, valued at approximately $881,000. K2 Principal Fund L.P. owned approximately 0.08% of Rezolve AI at the end of the most recent quarter. 27.96% of the stock is currently owned by hedge funds and other institutional investors.

Rezolve AI Company Profile

(Get Free Report)

Rezolve Limited develops and offers a retail and engagement technology solution that acts as an instant transaction tool for mobile devices. Its tool allows users to discover and purchase goods and services, provide personal details in response to advertising, pay a bill, make a charitable donation, and more through a mobile device.

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