Liberty Latin America Ltd (LILA) Becoming More Attractive for Investors

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Liberty Latin America Ltd’s recently made public that its President and CEO Nair Balan acquired Company’s shares for reported $0.1 million on Feb 26 ’24. In the deal valued at $6.14 per share,16,313 shares were bought. As a result of this transaction, Nair Balan now holds 776,414 shares worth roughly $4.98 million.

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Then, WINTER JOHN M sold 21,646 shares, generating $197,970 in total proceeds. Upon selling the shares at $9.15, the SVP, CLO AND SECRETARY now owns 238,568 shares.

Before that, Zinterhofer Eric Louis bought 60,314 shares. Liberty Latin America Ltd shares valued at $471,119 were divested by the Director at a price of $7.81 per share. As a result of the transaction, Zinterhofer Eric Louis now holds 12,203,603 shares, worth roughly $78.35 million.

Scotiabank upgraded its Liberty Latin America Ltd [LILA] rating to a Sector perform from a a Sector underperform in a research note published recently. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in late May with a ‘”a Buy”‘ rating. Scotiabank also remained covering LILA and has decreased its forecast on June 03, 2022 with a “Sector underperform” recommendation from previously “Sector perform” rating. Morgan Stanley revised its rating on April 16, 2021. It rated LILA as “an Equal-weight” which previously was an “an Overweight”.

Price Performance Review of LILA

On Monday, Liberty Latin America Ltd [NASDAQ:LILA] saw its stock jump 1.42% to $6.42. Over the last five days, the stock has lost -0.47%. Liberty Latin America Ltd shares have fallen nearly -12.18% since the year began. Nevertheless, the stocks have fallen -23.66% over the past one year. While a 52-week high of $9.85 was reached on 01/02/24, a 52-week low of $5.90 was recorded on 02/23/24. SMA at 50 days reached $6.80, while 200 days put it at $7.61. A total of 0.52 million shares were traded, compared to the trading of 0.6 million shares in the previous session.

Levels Of Support And Resistance For LILA Stock

The 24-hour chart illustrates a support level at 6.33, which if violated will result in even more drops to 6.24. On the upside, there is a resistance level at 6.50. A further resistance level may holdings at 6.58. The Relative Strength Index (RSI) on the 14-day chart is 47.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.10%. Stochastics %K at 47.82% indicates the stock is a holding.

How much short interest is there in Liberty Latin America Ltd?

A steep rise in short interest was recorded in Liberty Latin America Ltd stocks on Feb 29, 2024, growing by 82220.0 shares to a total of 0.2 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 0.11 million shares. There was a rise of 41.81%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 0.57% of the overall stock float, the days-to-cover ratio (short ratio) rose to 0.56.

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