Taking a Closer Look At Li-Cycle Holdings Corp (LICY) Following Its Recent Trade

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Li-Cycle Holdings Corp’s recently made public that its Chief Financial Officer Simpson Debbie unloaded Company’s shares for reported $33777.0 on Feb 01. In the deal valued at $0.41 per share,81,845 shares were sold. As a result of this transaction, Simpson Debbie now holds 357,447 shares worth roughly $0.15 million.

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Then, Johnston Timothy sold 10,929 shares, generating $4,510 in total proceeds. Upon selling the shares at $0.41, the Executive Chairman & Director now owns 555,256 shares.

Before that, Kochhar Ajay sold 10,929 shares. Li-Cycle Holdings Corp shares valued at $4,510 were divested by the President and CEO at a price of $0.41 per share. As a result of the transaction, Kochhar Ajay now holds 275,365 shares, worth roughly $0.12 million.

UBS downgraded its Li-Cycle Holdings Corp [LICY] rating to a Neutral from a a Buy in a research note published recently.

Price Performance Review of LICY

On Friday, Li-Cycle Holdings Corp [NYSE:LICY] saw its stock jump 7.85% to $0.43. Over the last five days, the stock has gained 8.75%. Li-Cycle Holdings Corp shares have fallen nearly -26.45% since the year began. Nevertheless, the stocks have fallen -92.64% over the past one year. While a 52-week high of $6.58 was reached on 01/02/24, a 52-week low of $0.35 was recorded on 01/19/24. SMA at 50 days reached $0.5737, while 200 days put it at $3.2476. A total of 1.49 million shares were traded, compared to the trading of 1.73 million shares in the previous session.

Levels Of Support And Resistance For LICY Stock

The 24-hour chart illustrates a support level at 0.3941, which if violated will result in even more drops to 0.3582. On the upside, there is a resistance level at 0.4519. A further resistance level may holdings at 0.4738. The Relative Strength Index (RSI) on the 14-day chart is 42.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0193, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.58%. Stochastics %K at 23.72% indicates the stock is a holding.

How much short interest is there in Li-Cycle Holdings Corp?

A steep rise in short interest was recorded in Li-Cycle Holdings Corp stocks on Jan 31, 2024, dropping by -3.17 million shares to a total of 13.62 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2023 was 16.79 million shares. There was a decline of -23.27%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 11.40% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.93.

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