Taking a Closer Look At LKQ Corp (LKQ) Following Its Recent Trade

LKQ Corp’s filing revealed that its Director MCGARVIE BLYTHE J unloaded Company’s shares for reported $0.26 million on Dec 14. In the deal valued at $46.82 per share,5,564 shares were sold. As a result of this transaction, MCGARVIE BLYTHE J now holds 23,880 shares worth roughly $1.17 million.

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Then, Laroyia Varun sold 35,000 shares, generating $1,609,598 in total proceeds. Upon selling the shares at $45.99, the EVP and CEO of LKQ Europe now owns 153,805 shares.

Before that, Zarcone Dominick P sold 32,000 shares. LKQ Corp shares valued at $1,655,610 were divested by the President and CEO at a price of $51.74 per share. As a result of the transaction, Zarcone Dominick P now holds 495,004 shares, worth roughly $24.34 million.

MKM Partners initiated its LKQ Corp [LKQ] rating to a Buy in a research note published on Monday, July 13, 2022; the price target was $68.

Price Performance Review of LKQ

On Monday, LKQ Corp [NASDAQ:LKQ] saw its stock jump 2.57% to $49.17. Over the last five days, the stock has gained 6.13%. LKQ Corp shares have risen nearly 2.89% since the year began. Nevertheless, the stocks have fallen -12.24% over the past one year. While a 52-week high of $59.38 was reached on 02/12/24, a 52-week low of $41.49 was recorded on 02/05/24. SMA at 50 days reached $46.99, while 200 days put it at $50.90. A total of 1.41 million shares were traded, compared to the trading of 0.97 million shares in the previous session.

Levels Of Support And Resistance For LKQ Stock

The 24-hour chart illustrates a support level at 48.35, which if violated will result in even more drops to 47.53. On the upside, there is a resistance level at 49.61. A further resistance level may holdings at 50.05. The Relative Strength Index (RSI) on the 14-day chart is 63.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.70, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 1.85%. Stochastics %K at 74.53% indicates the stock is a holding.

How much short interest is there in LKQ Corp?

A steep rise in short interest was recorded in LKQ Corp stocks on Jan 31, 2024, growing by 1.6 million shares to a total of 4.74 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2023 was 3.14 million shares. There was a rise of 33.76%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.99% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.04.

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