Lantheus Holdings Inc. [LNTH] Shares Rise 1.62 on Thursday

CHWY Stock
CHWY Stock

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Lantheus Holdings Inc. shares valued at $146,895 were sold by Blanchfield Paul on May 18. At $97.93 per share, Blanchfield Paul sold 1,500 shares. The insider’s holdings dropped to 92,743 shares worth approximately $9.07 million following the completion of this transaction.

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Also, Marshall Robert J. Jr. sold 10,000 shares, netting a total of over 993,600 in proceeds. Following the sale of shares at $99.36 each, the insider now holds 118,298 shares.

Before that, Sabens Andrea had sold 385 shares from its account. In a trade valued at $38,254, the Chief Accounting Officer traded Lantheus Holdings Inc. shares for $99.36 each. Upon closing the transaction, the insider’s holdings decreased to 385 shares, worth approximately $6.02 million.

Analyzing LNTH Stock Performance

On Thursday, Lantheus Holdings Inc. [NASDAQ: LNTH] rose 1.62% to $97.85. The stock’s lowest price that day was $94.9692, but it reached a high of $98.65 in the same session. During the last five days, there has been a surge of approximately 1.91%. Over the course of the year, Lantheus Holdings Inc. shares have jumped approximately 92.01%. Shares of the company reached a 52-week high of $100.85 on 05/12/23 and a 52-week low of $47.46 on 01/09/23. A 50-day SMA is recorded $88.40, while a 200-day SMA reached $71.36. Nevertheless, trading volume fell to 0.77 million shares from 0.42 million shares the previous day.

Support And Resistance Levels for Lantheus Holdings Inc. (LNTH)

According to the 24-hour chart, there is a support level at 95.66, which, if violated, would cause prices to drop to 93.48. In the upper region, resistance lies at 99.34. The next price resistance is at 100.84. RSI (Relative Strength Index) is 62.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.83, which suggests the price will decrease in the coming days. Percent R is at 33.01%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Lantheus Holdings Inc. subject to short interest?

Stocks of Lantheus Holdings Inc. saw a sharp rise in short interest on Apr 27, 2023 jumping by 0.14 million shares to 3.64 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2023 was 3.5 million shares. A jump of 3.85% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.09 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.09.

Which companies own the most shares of Lantheus Holdings Inc. (LNTH)?

According to The Vanguard Group, Inc. filings, the company currently owns 7,163,678 shares, which is about 10.61% of the total LNTH shares outstanding. The investor’s shares have appreciated by 101,124 from its previous 13-F filing of 7062554.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $598,420,706. AllianceBernstein LP reduced a -10.89% interest valued at $243.16 million while SSgA Funds Management, Inc. purchased a 37,611 stake. A total of 62,827 shares of Lantheus Holdings Inc. were bought by Hood River Capital Management LLC during the quarter, and 1,144,793 were bought by Assenagon Asset Management SA. In its current portfolio, Dimensional Fund Advisors LP holds 1,386,612 shares valued at $118.49 million.

In terms of Lantheus Holdings Inc. share price expectations, FactSet research, analysts set an average price target of $122.38 in the next 12 months, up nearly 29.82% from the previous closing price of $96.29. Analysts anticipate Lantheus Holdings Inc. stock to reach $130.00 by 2023, with the lowest price target being $113.00. In spite of this, 8 analysts ranked Lantheus Holdings Inc. stock as a Buy at the end of 2023.


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