Rezolve AI (NASDAQ:RZLV) Sees Unusually-High Trading Volume - What's Next?

Rezolve AI Limited (NASDAQ:RZLV - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 17,241,531 shares changed hands during trading, an increase of 754% from the previous session's volume of 2,018,715 shares.The stock last traded at $2.91 and had previously closed at $2.13.

Wall Street Analyst Weigh In

Several research analysts have commented on RZLV shares. Cantor Fitzgerald started coverage on Rezolve AI in a research report on Thursday, December 5th. They set an "overweight" rating and a $5.00 price target on the stock. Roth Capital raised shares of Rezolve AI to a "strong-buy" rating in a report on Tuesday, December 10th. Finally, Roth Mkm initiated coverage on shares of Rezolve AI in a research note on Tuesday, December 10th. They set a "buy" rating and a $4.00 price target for the company.

Rezolve AI Stock Up 54.5 %

The business's 50-day moving average price is $3.88.

Institutional Investors Weigh In On Rezolve AI

A hedge fund recently bought a new stake in Rezolve AI stock. K2 Principal Fund L.P. acquired a new position in shares of Rezolve AI Limited (NASDAQ:RZLV - Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 131,250 shares of the company's stock, valued at approximately $881,000. K2 Principal Fund L.P. owned about 0.08% of Rezolve AI as of its most recent filing with the SEC. Institutional investors and hedge funds own 27.96% of the company's stock.

Rezolve AI Company Profile

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.