LKQ Corp’s recent filing unveils that its President and CEO Zarcone Dominick P unloaded Company’s shares for reported $10.39 million on Mar 01 ’24. In the deal valued at $51.97 per share,200,000 shares were sold. As a result of this transaction, Zarcone Dominick P now holds 386,522 shares worth roughly $20.4 million.
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Then, MCGARVIE BLYTHE J sold 5,564 shares, generating $260,525 in total proceeds. Upon selling the shares at $46.82, the Director now owns 23,880 shares.
Before that, Laroyia Varun sold 35,000 shares. LKQ Corp shares valued at $1,609,598 were divested by the EVP and CEO of LKQ Europe at a price of $45.99 per share. As a result of the transaction, Laroyia Varun now holds 153,805 shares, worth roughly $8.12 million.
MKM Partners initiated its LKQ Corp [LKQ] rating to a Buy in a research note published on July 13, 2022; the price target was $68. A number of analysts have revised their coverage, including Barrington Research’s analysts, who increased its forecast for the stock in late April from “a Mkt perform” to “an Outperform”. Barrington Research also remained covering LKQ and has decreased its forecast on February 17, 2022 with a “Mkt perform” recommendation from previously “an Outperform” rating. Raymond James revised its rating on August 02, 2021. It rated LKQ as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of LKQ
On Friday, LKQ Corp [NASDAQ:LKQ] saw its stock fall -0.30% to $52.78. Over the last five days, the stock has gained 2.47%. LKQ Corp shares have risen nearly 10.44% since the year began. Nevertheless, the stocks have fallen -3.24% over the past one year. While a 52-week high of $59.38 was reached on 02/29/24, a 52-week low of $41.49 was recorded on 02/05/24. SMA at 50 days reached $49.70, while 200 days put it at $50.32. A total of 0.82 million shares were traded, compared to the trading of 0.81 million shares in the previous session.
Levels Of Support And Resistance For LKQ Stock
The 24-hour chart illustrates a support level at 52.55, which if violated will result in even more drops to 52.31. On the upside, there is a resistance level at 53.10. A further resistance level may holdings at 53.41. The Relative Strength Index (RSI) on the 14-day chart is 65.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.85, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 18.87%. Stochastics %K at 86.53% indicates the stock is a selling.
How much short interest is there in LKQ Corp?
A steep rise in short interest was recorded in LKQ Corp stocks on Feb 29, 2024, dropping by -0.19 million shares to a total of 4.55 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 4.74 million shares. There was a decline of -4.18%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.92% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.28.
