Rezolve AI Sees Unusually High Options Volume (NASDAQ:RZLV)

Rezolve AI PLC (NASDAQ:RZLV - Get Free Report) was the target of unusually large options trading activity on Friday. Traders purchased 3,948 call options on the stock. This represents an increase of 330% compared to the typical daily volume of 918 call options.

Hedge Funds Weigh In On Rezolve AI

Hedge funds and other institutional investors have recently modified their holdings of the stock. Polar Asset Management Partners Inc. bought a new stake in shares of Rezolve AI during the fourth quarter valued at approximately $4,149,000. Jane Street Group LLC purchased a new stake in shares of Rezolve AI in the 4th quarter worth about $1,650,000. Blue Owl Capital Holdings LP bought a new position in shares of Rezolve AI in the 4th quarter worth about $670,000. Geode Capital Management LLC purchased a new position in Rezolve AI during the 4th quarter valued at about $393,000. Finally, NewEdge Advisors LLC purchased a new stake in Rezolve AI in the fourth quarter worth about $386,000. Hedge funds and other institutional investors own 27.96% of the company's stock.

Rezolve AI Stock Performance

Shares of Rezolve AI stock traded down $0.17 during trading on Friday, reaching $2.79. 13,737,843 shares of the stock were exchanged, compared to its average volume of 5,456,307. Rezolve AI has a 1 year low of $1.07 and a 1 year high of $12.29. The stock's fifty day moving average is $2.10 and its 200 day moving average is $2.27.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Roth Mkm reiterated a "buy" rating and issued a $4.00 price objective on shares of Rezolve AI in a research report on Wednesday, March 19th. HC Wainwright reiterated a "buy" rating and set a $4.00 target price on shares of Rezolve AI in a research report on Friday, June 13th. Six investment analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average target price of $6.00.

Rezolve AI Company Profile

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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