In a filing, Lamar Advertising Co revealed its CFO, Treasurer, EVP Johnson Jay LeCoryelle unloaded Company’s shares for reported $0.59 million on Mar 07 ’24. In the deal valued at $118.97 per share,5,000 shares were sold. As a result of this transaction, Johnson Jay LeCoryelle now holds 10,000 shares worth roughly $1.16 million.
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Then, Johnson Jay LeCoryelle sold 5,000 shares, generating $447,496 in total proceeds. Upon selling the shares at $89.50, the CFO, Treasurer, EVP now owns 15,000 shares.
Before that, Fletcher Nancy bought 100 shares. Lamar Advertising Co shares valued at $9,194 were divested by the Director at a price of $91.94 per share. As a result of the transaction, Fletcher Nancy now holds 4,825 shares, worth roughly $0.56 million.
Citigroup upgraded its Lamar Advertising Co [LAMR] rating to a Buy from a a Neutral in a research note published on July 07, 2022; the price target was decreased to $108 from $112. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in early June from “an Overweight” to “an Equal-weight”. Wolfe Research began covering LAMR with “Peer perform” recommendation on March 29, 2022. Morgan Stanley revised its rating on November 02, 2020. It rated LAMR as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of LAMR
On Tuesday, Lamar Advertising Co [NASDAQ:LAMR] saw its stock fall -0.70% to $116.21. Over the last five days, the stock has gained 0.12%. Lamar Advertising Co shares have risen nearly 9.34% since the year began. Nevertheless, the stocks have risen 22.82% over the past one year. While a 52-week high of $121.99 was reached on 03/08/24, a 52-week low of $77.21 was recorded on 01/04/24. SMA at 50 days reached $110.29, while 200 days put it at $97.95. A total of 0.4 million shares were traded, compared to the trading of 0.35 million shares in the previous session.
Levels Of Support And Resistance For LAMR Stock
The 24-hour chart illustrates a support level at 115.54, which if violated will result in even more drops to 114.87. On the upside, there is a resistance level at 117.36. A further resistance level may holdings at 118.51. The Relative Strength Index (RSI) on the 14-day chart is 56.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.97%. Stochastics %K at 30.13% indicates the stock is a holding.
How much short interest is there in Lamar Advertising Co?
A steep rise in short interest was recorded in Lamar Advertising Co stocks on Feb 29, 2024, growing by 0.15 million shares to a total of 1.87 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 1.72 million shares. There was a rise of 8.02%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.52% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.38.
