La-Z-Boy Inc. [LZB] Insider Activity: An Update for Investors

In a filing, La-Z-Boy Inc. revealed its Director KERR JANET unloaded Company’s shares for reported $0.14 million on Sep 25. In the deal valued at $30.86 per share,4,582 shares were sold. As a result of this transaction, KERR JANET now holds 3,890 shares worth roughly $0.14 million.

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Raymond James downgraded its La-Z-Boy Inc. [LZB] rating to a Mkt perform from a an Outperform in a research note published on Tuesday.

Price Performance Review of LZB

On Tuesday, La-Z-Boy Inc. [NYSE:LZB] saw its stock fall -4.55% to $37.14. Over the last five days, the stock has gained 3.43%. La-Z-Boy Inc. shares have risen nearly 0.60% since the year began. Nevertheless, the stocks have risen 33.60% over the past one year. While a 52-week high of $39.87 was reached on 02/12/24, a 52-week low of $25.12 was recorded on 01/18/24. SMA at 50 days reached $36.28, while 200 days put it at $31.38. A total of 0.56 million shares were traded, compared to the trading of 0.48 million shares in the previous session.

Levels Of Support And Resistance For LZB Stock

The 24-hour chart illustrates a support level at 36.59, which if violated will result in even more drops to 36.05. On the upside, there is a resistance level at 37.79. A further resistance level may holdings at 38.45. The Relative Strength Index (RSI) on the 14-day chart is 55.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.68, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 49.01%. Stochastics %K at 77.62% indicates the stock is a holding.

How much short interest is there in La-Z-Boy Inc.?

A steep rise in short interest was recorded in La-Z-Boy Inc. stocks on Jan 31, 2024, growing by 0.29 million shares to a total of 2.83 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2023 was 2.54 million shares. There was a rise of 10.25%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 9.30% of the overall stock float, the days-to-cover ratio (short ratio) rose to 9.89.

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