Selling Buzz: Livent Corporation [LTHM] Vice President and CFO Antoniazzi Gilberto sells 3,635 shares of the company

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Livent Corporation shares valued at $118,272 were sold by Antoniazzi Gilberto on Sep 19. At $32.54 per share, Antoniazzi Gilberto sold 3,635 shares. The insider’s holdings dropped to 62,582 shares worth approximately $1.98 million following the completion of this transaction.

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Also, Graves Paul W sold 85,171 shares, netting a total of over 2,980,985 in proceeds. Following the sale of shares at $35.00 each, the insider now holds 299,980 shares.

Before that, Antoniazzi Gilberto had sold 4,300 shares from its account. In a trade valued at $100,276, the Vice President and CFO traded Livent Corporation shares for $23.32 each. Upon closing the transaction, the insider’s holdings decreased to 4,300 shares, worth approximately $1.5 million.

Analysts at Vertical Research downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid September. As of May 17, 2022, Deutsche Bank has initiated its “Hold” rating for LTHM. Earlier on May 04, 2022, Cowen upgraded its rating. Their new recommendation was “an Outperform” for LTHM stock which previously was a “a Market perform”.

Analyzing LTHM’s Price Performance

On Thursday, Livent Corporation [NYSE: LTHM] plunged -5.87% to $31.61. The stock’s lowest price that day was $31.29, but it reached a high of $34.33 in the same session. During the last five days, there has been a drop of approximately -5.13%. Over the course of the year, Livent Corporation shares have jumped approximately 29.66%. Shares of the company reached a 52-week high of $36.38 on 09/09/22 and a 52-week low of $19.35 on 07/14/22. A 50-day SMA is recorded $28.73, while a 200-day SMA reached $25.53. Nevertheless, trading volume fell to 3.51 million shares from 3.98 million shares the previous day.

Support And Resistance Levels for Livent Corporation (LTHM)

According to the 24-hour chart, there is a support level at 30.49, which, if violated, would cause prices to drop to 29.37. In the upper region, resistance lies at 33.53. The next price resistance is at 35.45. RSI (Relative Strength Index) is 48.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.28, which suggests the price will decrease in the coming days. Percent R is at 74.53%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Livent Corporation subject to short interest?

Stocks of Livent Corporation saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.55 million shares to 22.15 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 21.6 million shares. A jump of 2.48% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 7.54 of the overall float, the days-to-cover ratio (short ratio) jumped to 7.54.

Which companies own the most shares of Livent Corporation (LTHM)?

According to BlackRock Fund Advisors filings, the company currently owns 23,810,311 shares, which is about 13.28% of the total LTHM shares outstanding. The investor’s shares have appreciated by 8,660 from its previous 13-F filing of 23801651.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $560,705,253. Wellington Management Co. LLP acquire a 10.02% interest valued at $277.03 million while SSgA Funds Management, Inc. purchased a 99,374 stake. A total of -1,330,096 shares of Livent Corporation were bought by Columbia Management Investment Ad during the quarter, and 468,100 were bought by Threadneedle Asset Management Ltd. In its current portfolio, Joho Capital LLC holds 3,940,080 shares valued at $126.79 million.

In terms of Livent Corporation share price expectations, FactSet research, analysts set an average price target of $33.09 in the next 12 months, down nearly -1.73% from the previous closing price of $33.58. Analysts anticipate Livent Corporation stock to reach $45.00 by 2022, with the lowest price target being $26.00. In spite of this, 19 analysts ranked Livent Corporation stock as an Overweight at the end of 2022.


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