Stock Traders Purchase High Volume of Rezolve AI Call Options (NASDAQ:RZLV)

Key Points

• Rezolve AI PLC experienced a significant increase in call options trading, with 22,797 call options purchased—up 65% from the average volume.
• The stock price of Rezolve AI rose to $6.99, with strong trading activity of over 49 million shares compared to its usual volume.
• Multiple investment firms have upgraded their target prices for Rezolve AI, indicating a positive outlook, with the average price target set at $9.00.

Rezolve AI PLC (NASDAQ:RZLV - Get Free Report) saw unusually large options trading on Friday. Stock traders bought 22,797 call options on the stock. This represents an increase of 65% compared to the average volume of 13,810 call options.

Rezolve AI Stock Performance

Shares of NASDAQ RZLV traded up $0.71 during trading on Friday, reaching $6.99. 49,232,254 shares of the company traded hands, compared to its average volume of 10,025,510. The firm's fifty day simple moving average is $4.41 and its 200 day simple moving average is $2.86. Rezolve AI has a 12-month low of $1.07 and a 12-month high of $8.45.

Wall Street Analysts Forecast Growth

RZLV has been the subject of a number of analyst reports. Cantor Fitzgerald upped their target price on Rezolve AI from $5.00 to $7.00 and gave the stock an "overweight" rating in a report on Thursday. Roth Capital upped their target price on Rezolve AI from $9.00 to $12.50 and gave the stock a "buy" rating in a report on Thursday. Northland Securities upped their target price on Rezolve AI from $5.00 to $7.00 and gave the stock an "outperform" rating in a report on Thursday. HC Wainwright increased their price objective on Rezolve AI from $9.00 to $10.00 and gave the company a "buy" rating in a report on Thursday. Finally, 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. One analyst has rated the stock with a Strong Buy rating and eight have assigned a Buy rating to the company. According to data from MarketBeat, Rezolve AI currently has a consensus rating of "Buy" and an average price target of $9.00.

Hedge Funds Weigh In On Rezolve AI

A number of institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC raised its stake in shares of Rezolve AI by 1,100.7% during the 2nd quarter. Geode Capital Management LLC now owns 1,235,467 shares of the company's stock valued at $3,799,000 after buying an additional 1,132,569 shares during the last quarter. Brown Wealth Management LLC purchased a new position in shares of Rezolve AI during the 2nd quarter valued at about $615,000. Rhumbline Advisers purchased a new position in shares of Rezolve AI during the 2nd quarter valued at about $398,000. Schechter Investment Advisors LLC purchased a new position in shares of Rezolve AI in the 1st quarter valued at about $107,000. Finally, Bank of America Corp DE purchased a new position in shares of Rezolve AI in the 2nd quarter valued at about $159,000. Hedge funds and other institutional investors own 27.96% of the company's stock.

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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