Buying Buzz: LXP Industrial Trust [LXP] Director FRARY RICHARD acquires 10,000 shares of the company

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. LXP Industrial Trust shares valued at $105,000 were purchased by FRARY RICHARD on Jun 13. At $10.50 per share, FRARY RICHARD acquired 10,000 shares. The insider’s holdings grew to 143,606 shares worth approximately $1.41 million following the completion of this transaction.


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Also, Handwerker Jamie purchased 5,000 shares, netting a total of over 52,750 in proceeds. Following the buying of shares at $10.55 each, the insider now holds 73,971 shares.

Before that, Gupta Arun had added 9,600 shares to its account. In a trade valued at $99,921, the Director bought LXP Industrial Trust shares for $10.41 each. Upon closing the transaction, the insider’s holdings increased to 9,600 shares, worth approximately $0.26 million.

As of April 11, 2022, KeyBanc Capital Markets has decreased its “an Overweight” rating to a “Sector weight” for LXP. Earlier on November 18, 2021, Evercore ISI downgraded its rating. Their new recommendation was “an In-line” for LXP stock which previously was a “an Outperform”.

Analyzing LXP’s Price Performance

On Wednesday, LXP Industrial Trust [NYSE: LXP] rose 0.92% to $9.84. The stock’s lowest price that day was $9.785, but it reached a high of $10.05 in the same session. During the last five days, there has been a surge of approximately 0.82%. Over the course of the year, LXP Industrial Trust shares have dropped approximately -37.00%. Shares of the company reached a 52-week high of $16.10 on 03/29/22 and a 52-week low of $9.51 on 09/20/22. A 50-day SMA is recorded $10.52, while a 200-day SMA reached $12.87. Nevertheless, trading volume fell to 2.25 million shares from 2.36 million shares the previous day.

Support And Resistance Levels for LXP Industrial Trust (LXP)

According to the 24-hour chart, there is a support level at 9.73, which, if violated, would cause prices to drop to 9.63. In the upper region, resistance lies at 10.00. The next price resistance is at 10.16. RSI (Relative Strength Index) is 37.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.26, which suggests the price will decrease in the coming days. Percent R is at 70.40%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is LXP Industrial Trust subject to short interest?

Stocks of LXP Industrial Trust saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.65 million shares to 22.4 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 21.75 million shares. A jump of 2.9% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 10.07 of the overall float, the days-to-cover ratio (short ratio) jumped to 10.07.

Which companies own the most shares of LXP Industrial Trust (LXP)?

In terms of LXP Industrial Trust share price expectations, FactSet research, analysts set an average price target of $12.63 in the next 12 months, up nearly 25.64% from the previous closing price of $9.75. Analysts anticipate LXP Industrial Trust stock to reach $14.00 by 2022, with the lowest price target being $12.00. In spite of this, 4 analysts ranked LXP Industrial Trust stock as a Hold at the end of 2022. On October 08, 2021, KeyBanc Capital Markets assigned a price target of “an Overweight” to the stock and upgraded coverage with a $16.

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