Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Liquidia Corp shares valued at $452,183 were sold by JEFFS ROGER on Mar 18 ’24. At $15.82 per share, JEFFS ROGER sold 28,583 shares. The insider’s holdings dropped to 835,345 shares worth approximately $12.59 million following the completion of this transaction.
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Also, Kaseta Michael sold 12,166 shares, netting a total of over 192,466 in proceeds. Following the sale of shares at $15.82 each, the insider now holds 318,181 shares.
Before that, Schundler Russell had sold 8,653 shares from its account. In a trade valued at $136,890, the General Counsel traded Liquidia Corp shares for $15.82 each. Upon closing the transaction, the insider’s holdings decreased to 8,653 shares, worth approximately $7.36 million.
As published in a research note from Needham on January 05, 2024, Liquidia Corp [LQDA] has been retained to a Buy and the price target has been revised to $28. As of September 01, 2022, Wedbush has decreased its “Neutral” rating to a “an Underperform” for LQDA. Earlier on July 22, 2022, Ladenburg Thalmann initiated its rating. Their recommendation was “a Buy” for LQDA stock.
Analyzing LQDA Stock Performance
During the last five days, there has been a drop of approximately -5.22%. Over the course of the year, Liquidia Corp shares have jumped approximately 25.27%. Shares of the company reached a 52-week high of $16.99 on 03/22/24 and a 52-week low of $11.11 on 01/25/24. A 50-day SMA is recorded $14.19, while a 200-day SMA reached $9.31. Nevertheless, trading volume fell to 1.5 million shares from 1.17 million shares the previous day.
Support And Resistance Levels for Liquidia Corp (LQDA)
According to the 24-hour chart, there is a support level at 14.29, which, if violated, would cause prices to drop to 13.50. In the upper region, resistance lies at 15.83. The next price resistance is at 16.58. RSI (Relative Strength Index) is 51.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.22, which suggests the price will decrease in the coming days. Percent R is at 51.06%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Liquidia Corp subject to short interest?
Stocks of Liquidia Corp saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.99 million shares to 7.26 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 6.27 million shares. A jump of 13.64% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 9.09 of the overall float, the days-to-cover ratio (short ratio) jumped to 9.09.
