Lyft Inc’s recently made public that its PRESIDENT Sverchek Kristin unloaded Company’s shares for reported $0.2 million on Apr 01 ’24. In the deal valued at $19.28 per share,10,200 shares were sold. As a result of this transaction, Sverchek Kristin now holds 70,778 shares worth roughly $1.26 million.
Then, Zimmer John Patrick sold 193,200 shares, generating $3,872,404 in total proceeds. Upon selling the shares at $20.04, the Director now owns 932,544 shares.
Before that, Zimmer John Patrick sold 36,000 shares. Lyft Inc shares valued at $721,566 were divested by the Director at a price of $20.04 per share. As a result of the transaction, Zimmer John Patrick now holds 0 shares, worth roughly $0.0.
Argus upgraded its Lyft Inc [LYFT] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who increased its forecast for the stock in early March from “a Sector perform” to “an Outperform”. MoffettNathanson also remained covering LYFT and has increased its forecast on February 14, 2024 with a “Neutral” recommendation from previously “Sell” rating. Goldman revised its rating on January 11, 2024. It rated LYFT as “a Neutral” which previously was an “a Buy”.
Price Performance Review of LYFT
On Monday, Lyft Inc [NASDAQ:LYFT] saw its stock fall -0.06% to $17.83. Over the last five days, the stock has lost -7.33%. Lyft Inc shares have risen nearly 18.95% since the year began. Nevertheless, the stocks have risen 90.09% over the past one year. While a 52-week high of $20.82 was reached on 03/21/24, a 52-week low of $7.85 was recorded on 02/13/24. SMA at 50 days reached $16.48, while 200 days put it at $12.75. A total of 9.43 million shares were traded, compared to the trading of 13.51 million shares in the previous session.
Levels Of Support And Resistance For LYFT Stock
The 24-hour chart illustrates a support level at 17.55, which if violated will result in even more drops to 17.27. On the upside, there is a resistance level at 18.18. A further resistance level may holdings at 18.53. The Relative Strength Index (RSI) on the 14-day chart is 48.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.52%. Stochastics %K at 13.58% indicates the stock is a buying.
How much short interest is there in Lyft Inc?
A steep rise in short interest was recorded in Lyft Inc stocks on Mar 15, 2024, growing by 6.58 million shares to a total of 52.74 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 46.16 million shares. There was a rise of 12.48%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 15.73% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.36.
The most recent change occurred on January 09, 2024 when BMO Capital Markets began covering the stock and recommended ‘”a Market perform”‘ rating along with a $15 price target.
