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

Rezolve AI PLC (NASDAQ:RZLV) was the recipient of some unusual options trading on Thursday. Stock traders acquired 46,027 call options on the company. This is an increase of 112% compared to the average daily volume of 21,695 call options.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in RZLV. Ameritas Investment Partners Inc. acquired a new stake in shares of Rezolve AI during the second quarter worth $29,000. Hartford Financial Management Inc. bought a new position in Rezolve AI during the second quarter worth about $31,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Rezolve AI during the 2nd quarter worth about $31,000. Legal & General Group Plc bought a new stake in shares of Rezolve AI in the 2nd quarter valued at about $31,000. Finally, AXQ Capital LP bought a new stake in shares of Rezolve AI in the 3rd quarter valued at about $54,000. Institutional investors and hedge funds own 27.96% of the company’s stock.

Rezolve AI Price Performance

RZLV opened at $3.68 on Friday. The firm has a 50 day simple moving average of $3.00 and a 200 day simple moving average of $3.77. Rezolve AI has a fifty-two week low of $1.07 and a fifty-two week high of $8.45.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Northland Securities increased their target price on Rezolve AI from $5.00 to $7.00 and gave the stock an “outperform” rating in a report on Thursday, October 2nd. Weiss Ratings reissued a “sell (e+)” rating on shares of Rezolve AI in a report on Wednesday, October 8th. Wall Street Zen cut shares of Rezolve AI from a “hold” rating to a “sell” rating in a research report on Saturday, October 11th. HC Wainwright reiterated a “buy” rating and set a $10.00 target price on shares of Rezolve AI in a research report on Friday, December 19th. Finally, Maxim Group increased their price target on shares of Rezolve AI from $10.00 to $15.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Seven research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $9.29.

Rezolve AI Company Profile

Rezolve AI, Inc operates a cloud-based engagement platform that connects physical world touchpoints to digital experiences. Through its proprietary Rezolve platform, the company enables brands and marketers to deploy interactive mobile campaigns triggered by NFC-enabled tags, QR codes, short URLs and other proximity-based technologies. These campaigns facilitate in-the-moment product demonstrations, digital promotions and seamless e-commerce transactions without the need to download a dedicated app.

The company’s platform includes a no-code campaign management portal, real-time analytics dashboard and integration tools for customer relationship management, payment processing and third-party marketing systems.