Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Lixte Biotechnology Holdings Inc shares valued at $28,000 were purchased by van der Baan Bastiaan Jeroen on Oct 03 ’23. At $2.80 per share, van der Baan Bastiaan Jeroen acquired 10,000 shares. The insider’s holdings grew to 11,000 shares worth approximately $38720.0 following the completion of this transaction.
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Analyzing LIXT Stock Performance
During the last five days, there has been a surge of approximately 52.38%. Over the course of the year, Lixte Biotechnology Holdings Inc shares have jumped approximately 49.79%. Shares of the company reached a 52-week high of $4.40 on 03/27/24 and a 52-week low of $1.69 on 01/19/24. A 50-day SMA is recorded $2.33, while a 200-day SMA reached $2.87. Nevertheless, trading volume fell to 30.89 million shares from 600.0 shares the previous day.
Support And Resistance Levels for Lixte Biotechnology Holdings Inc (LIXT)
According to the 24-hour chart, there is a support level at 2.91, which, if violated, would cause prices to drop to 2.31. In the upper region, resistance lies at 4.26. The next price resistance is at 5.01. RSI (Relative Strength Index) is 74.86 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.26, which suggests the price will decrease in the coming days. Percent R is at 39.23%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Lixte Biotechnology Holdings Inc subject to short interest?
Stocks of Lixte Biotechnology Holdings Inc saw a sharp rise in short interest on Feb 29, 2024 jumping by 41750.0 shares to 51980.0. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 10230.0 shares. A jump of 80.32% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 0.6 of the overall float, the days-to-cover ratio (short ratio) jumped to 0.6.
