The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Liberty Latin America Ltd shares valued at $3,255,694 were purchased by MALONE JOHN C on Mar 22 ’24. At $6.72 per share, MALONE JOHN C acquired 484,673 shares. The insider’s holdings grew to 8,360,255 shares worth approximately $58.77 million following the completion of this transaction.
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Also, GOULD PAUL A purchased 50,000 shares, netting a total of over 334,030 in proceeds. Following the buying of shares at $6.68 each, the insider now holds 334,818 shares.
Before that, MALONE JOHN C had added 473,084 shares to its account. In a trade valued at $3,211,909, the 10% Owner bought Liberty Latin America Ltd shares for $6.79 each. Upon closing the transaction, the insider’s holdings increased to 473,084 shares, worth approximately $55.37 million.
As published in a research note from Scotiabank on September 27, 2023, Liberty Latin America Ltd [LILA] has been rated up from a Sector underperform to a Sector perform and the price target has been revised to $8.70. Analysts at Goldman started covering the stock with ‘”a Buy”‘ outlook in a report released in late May. As of June 03, 2022, Scotiabank has decreased its “Sector perform” rating to a “Sector underperform” for LILA. Earlier on April 16, 2021, Morgan Stanley downgraded its rating. Their new recommendation was “an Equal-weight” for LILA stock which previously was a “an Overweight”.
Analyzing LILA Stock Performance
During the last five days, there has been a surge of approximately 7.00%. Over the course of the year, Liberty Latin America Ltd shares have dropped approximately -3.83%. Shares of the company reached a 52-week high of $7.65 on 03/25/24 and a 52-week low of $5.90 on 02/23/24. A 50-day SMA is recorded $6.66, while a 200-day SMA reached $7.53. Nevertheless, trading volume fell to 0.72 million shares from 1.98 million shares the previous day.
Support And Resistance Levels for Liberty Latin America Ltd (LILA)
According to the 24-hour chart, there is a support level at 6.91, which, if violated, would cause prices to drop to 6.78. In the upper region, resistance lies at 7.12. The next price resistance is at 7.21. RSI (Relative Strength Index) is 59.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.49, which suggests the price will decrease in the coming days. Percent R is at 40.00%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Liberty Latin America Ltd subject to short interest?
Stocks of Liberty Latin America Ltd saw a sharp rise in short interest on Feb 29, 2024 jumping by 82220.0 shares to 0.2 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 0.11 million shares. A jump of 41.81% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 0.56 of the overall float, the days-to-cover ratio (short ratio) jumped to 0.56.
