Rezolve AI (NASDAQ:RZLV) Shares Gap Up After Analyst Upgrade

Key Points

• Rezolve AI shares surged after HC Wainwright raised its price target from $4.00 to $9.00, prompting the stock to open at $7.10 from a previous close of $6.76.
• Alliance Global Partners has also initiated coverage with a "buy" rating and a price target of $8.50, contributing to a strong overall sentiment with multiple analysts rating the stock as "Buy."
• Institutional investors have increased their stakes in Rezolve AI, now owning 27.96% of the company's stock, reflecting growing interest in the company.

Rezolve AI PLC (NASDAQ:RZLV - Get Free Report)'s stock price gapped up before the market opened on Monday after HC Wainwright raised their price target on the stock from $4.00 to $9.00. The stock had previously closed at $6.76, but opened at $7.10. HC Wainwright currently has a buy rating on the stock. Rezolve AI shares last traded at $7.97, with a volume of 6,859,628 shares traded.

Separately, Alliance Global Partners started coverage on Rezolve AI in a report on Friday, August 1st. They set a "buy" rating and a $8.50 price objective for the company. Two investment analysts have rated the stock with a Strong Buy rating and seven have assigned a Buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $7.07.

Institutional Trading of Rezolve AI

Several institutional investors and hedge funds have recently made changes to their positions in the business. B. Riley Wealth Advisors Inc. bought a new stake in shares of Rezolve AI during the 2nd quarter valued at $31,000. Bank of America Corp DE bought a new stake in shares of Rezolve AI in the 2nd quarter valued at $159,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in shares of Rezolve AI in the 2nd quarter valued at $153,000. The Manufacturers Life Insurance Company bought a new stake in shares of Rezolve AI in the 2nd quarter valued at $96,000. Finally, Invesco Ltd. bought a new stake in shares of Rezolve AI in the 2nd quarter valued at $147,000. Institutional investors own 27.96% of the company's stock.

Rezolve AI Price Performance

The stock's 50-day moving average is $3.37 and its 200 day moving average is $2.40.

About Rezolve AI

Rezolve AI Plc operates in the mobile commerce industry with its cutting-edge engagement platform powered by artificial intelligence and machine learning. It develops AI-based mobile commerce and engagement solutions, simplifying the purchasing process by providing relevant information and facilitating seamless transactions with a single tap.

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