Revvity Shares Plunge 4.54% to Lowest Since December 2023

Revvity (RVTY) shares plunged 4.54% today, marking the lowest level since December 2023, with an intraday decline of 6.14%.

Barclays recently adjusted its price target for Revvity, raising it from $135.00 to $140.00. This adjustment reflects a more optimistic outlook on the company's future performance, which could influence investor expectations and potentially drive stock price movements.

Ilmarinen Mutual Pension Insurance Co reduced its holdings in Revvity by 17.1% during the fourth quarter. This significant reduction in share position could impact investor sentiment and the supply-demand dynamics of the stock, potentially leading to increased volatility or downward pressure on the stock price.