Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. LifeStance Health Group Inc shares valued at $1,347,719 were sold by Burdick Kenneth A on Mar 15 ’24. At $6.28 per share, Burdick Kenneth A sold 214,605 shares. The insider’s holdings dropped to 2,934,372 shares worth approximately $17.66 million following the completion of this transaction.
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Also, Mullins Kevin Michael sold 44,540 shares, netting a total of over 281,938 in proceeds. Following the sale of shares at $6.33 each, the insider now holds 4,745,352 shares.
Before that, Pardo Ryan had sold 39,384 shares from its account. In a trade valued at $249,301, the insider traded LifeStance Health Group Inc shares for $6.33 each. Upon closing the transaction, the insider’s holdings decreased to 39,384 shares, worth approximately $4.92 million.
As published in their initiating research note from Barclays on January 03, 2024, LifeStance Health Group Inc [LFST] has been an Underweight and the price target has been revised to $7. Analysts at TD Cowen downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in mid May. As of January 06, 2023, Morgan Stanley has increased its “an Equal-weight” rating to a “an Overweight” for LFST.
Analyzing LFST Stock Performance
During the last five days, there has been a drop of approximately -3.68%. Over the course of the year, LifeStance Health Group Inc shares have dropped approximately -23.12%. Shares of the company reached a 52-week high of $9.20 on 02/28/24 and a 52-week low of $4.74 on 02/01/24. A 50-day SMA is recorded $6.63, while a 200-day SMA reached $7.24. Nevertheless, trading volume fell to 0.87 million shares from 0.85 million shares the previous day.
Support And Resistance Levels for LifeStance Health Group Inc (LFST)
According to the 24-hour chart, there is a support level at 5.92, which, if violated, would cause prices to drop to 5.82. In the upper region, resistance lies at 6.10. The next price resistance is at 6.18. RSI (Relative Strength Index) is 38.83 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.38, which suggests the price will decrease in the coming days. Percent R is at 92.59%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is LifeStance Health Group Inc subject to short interest?
Stocks of LifeStance Health Group Inc saw a sharp rise in short interest on Feb 29, 2024 jumping by 1.26 million shares to 27.16 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 25.9 million shares. A jump of 4.64% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 14.86 of the overall float, the days-to-cover ratio (short ratio) jumped to 14.86.
