Lyft Inc’s recently made public that its PRESIDENT Sverchek Kristin unloaded Company’s shares for reported $61291.0 on Mar 04 ’24. In the deal valued at $17.51 per share,3,500 shares were sold. As a result of this transaction, Sverchek Kristin now holds 96,978 shares worth roughly $1.96 million.
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Then, Sverchek Kristin sold 6,500 shares, generating $105,977 in total proceeds. Upon selling the shares at $16.30, the PRESIDENT now owns 100,478 shares.
Before that, Green Logan sold 11,867 shares. Lyft Inc shares valued at $186,194 were divested by the Director at a price of $15.69 per share. As a result of the transaction, Green Logan now holds 346,341 shares, worth roughly $6.98 million.
Argus upgraded its Lyft Inc [LYFT] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who increased its forecast for the stock in early March from “a Sector perform” to “an Outperform”. MoffettNathanson also remained covering LYFT and has increased its forecast on February 14, 2024 with a “Neutral” recommendation from previously “Sell” rating. Goldman revised its rating on January 11, 2024. It rated LYFT as “a Neutral” which previously was an “a Buy”.
Price Performance Review of LYFT
On Friday, Lyft Inc [NASDAQ:LYFT] saw its stock fall -0.59% to $20.16. Over the last five days, the stock has gained 17.01%. Lyft Inc shares have risen nearly 34.49% since the year began. Nevertheless, the stocks have risen 102.41% over the past one year. While a 52-week high of $20.82 was reached on 03/21/24, a 52-week low of $7.85 was recorded on 02/13/24. SMA at 50 days reached $15.28, while 200 days put it at $12.33. A total of 14.44 million shares were traded, compared to the trading of 26.21 million shares in the previous session.
Levels Of Support And Resistance For LYFT Stock
The 24-hour chart illustrates a support level at 19.77, which if violated will result in even more drops to 19.38. On the upside, there is a resistance level at 20.61. A further resistance level may holdings at 21.06. The Relative Strength Index (RSI) on the 14-day chart is 68.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.59, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.28%. Stochastics %K at 89.90% indicates the stock is a selling.
How much short interest is there in Lyft Inc?
A steep rise in short interest was recorded in Lyft Inc stocks on Feb 29, 2024, growing by 8.36 million shares to a total of 54.07 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 45.71 million shares. There was a rise of 15.46%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 16.13% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.09.
The most recent change occurred on January 09, 2024 when BMO Capital Markets began covering the stock and recommended ‘”a Market perform”‘ rating along with a $15 price target.
