Revolution Medicines $196.7M Block Trade

Block Trade Overview

Revolution Medicines Inc. (ticker RVMD) completed a large block trade at 2:41 p.m. New York time, involving 1.06 million shares, which represents roughly 0.5 % of the company’s float. The transaction was valued at $196.7 million, with each share priced at $185.90, reflecting a 1.3 % discount to the opening price for the day. The stock price fell 0.9 % during the session, even though the share price movement contributed to a year‑to‑date gain of 133 %.

The block trade accounted for 31 % of the 20‑day average trading volume. At the time of the trade, total volume had reached 2.15 million shares, exceeding the 20‑day average of 1.67 million shares for that time of day. Bloomberg’s model projected that total volume would close the session at approximately 2.16 million shares.

The article notes that it was generated with AI assistance and reviewed by an editor, with a reference to Reuters as the source.