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

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

Wall Street Analysts Forecast Growth

RZLV has been the topic of several analyst reports. Roth Mkm restated a “buy” rating and set a $4.00 price target on shares of Rezolve AI in a report on Wednesday, March 19th. HC Wainwright reaffirmed a “buy” rating and issued a $4.00 price objective on shares of Rezolve AI in a research report on Friday, June 13th. Six equities 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, the company has an average rating of “Buy” and a consensus price target of $6.00.

Institutional Trading of Rezolve AI

A number of hedge funds and other institutional investors have recently modified their holdings of RZLV. Geode Capital Management LLC purchased a new stake in Rezolve AI during the 4th quarter valued at about $393,000. Polar Asset Management Partners Inc. purchased a new stake in Rezolve AI during the 4th quarter valued at about $4,149,000. Blue Owl Capital Holdings LP purchased a new stake in Rezolve AI during the 4th quarter valued at about $670,000. Jane Street Group LLC purchased a new stake in Rezolve AI during the 4th quarter valued at about $1,650,000. Finally, SBI Securities Co. Ltd. purchased a new stake in Rezolve AI during the 4th quarter valued at about $38,000. 27.96% of the stock is owned by hedge funds and other institutional investors.

Rezolve AI Trading Down 7.1%

NASDAQ:RZLV opened at $2.74 on Friday. Rezolve AI has a 52 week low of $1.07 and a 52 week high of $12.29. The company has a fifty day moving average of $2.13 and a 200 day moving average of $2.28.

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.