Rezolve AI (NASDAQ:RZLV) Shares Gap Down – Here’s What Happened

Rezolve AI Limited (NASDAQ:RZLV) gapped down prior to trading on Thursday . The stock had previously closed at $3.75, but opened at $3.61. Rezolve AI shares last traded at $3.52, with a volume of 4,309,250 shares changing hands.

Analysts Set New Price Targets

RZLV has been the topic of several research analyst reports. Northland Capmk upgraded Rezolve AI to a “strong-buy” rating in a research note on Tuesday. Cantor Fitzgerald started coverage on shares of Rezolve AI in a report on Thursday, December 5th. They issued an “overweight” rating and a $5.00 price target for the company. Northland Securities began coverage on shares of Rezolve AI in a research report on Wednesday. They set an “outperform” rating and a $5.00 price objective for the company. Roth Mkm assumed coverage on shares of Rezolve AI in a report on Tuesday, December 10th. They issued a “buy” rating and a $4.00 target price on the stock. Finally, Roth Capital raised Rezolve AI to a “strong-buy” rating in a report on Tuesday, December 10th. Three research analysts have rated the stock with a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Rezolve AI currently has a consensus rating of “Buy” and an average price target of $4.67.

Rezolve AI Stock Performance

The company’s 50 day moving average is $3.81.

Institutional Trading of Rezolve AI

An institutional investor recently bought a new position in Rezolve AI stock. K2 Principal Fund L.P. purchased a new position in Rezolve AI Limited (NASDAQ:RZLV) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 131,250 shares of the company’s stock, valued at approximately $881,000. K2 Principal Fund L.P. owned approximately 0.08% of Rezolve AI as of its most recent filing with the Securities & Exchange Commission. Hedge funds and other institutional investors own 27.96% of the company’s stock.

About Rezolve AI

Rezolve Limited develops and offers a retail and engagement technology solution that acts as an instant transaction tool for mobile devices. Its tool allows users to discover and purchase goods and services, provide personal details in response to advertising, pay a bill, make a charitable donation, and more through a mobile device.