LifeStance Health Group Inc’s recently made public that its Chief Executive Officer Burdick Kenneth A unloaded Company’s shares for reported $1.35 million on Mar 15 ’24. In the deal valued at $6.28 per share,214,605 shares were sold. As a result of this transaction, Burdick Kenneth A now holds 2,934,372 shares worth roughly $18.46 million.
Then, Mullins Kevin Michael sold 44,540 shares, generating $281,938 in total proceeds. Upon selling the shares at $6.33, the Chief Development Officer now owns 4,745,352 shares.
Before that, Pardo Ryan sold 39,384 shares. LifeStance Health Group Inc shares valued at $249,301 were divested by the insider at a price of $6.33 per share. As a result of the transaction, Pardo Ryan now holds 817,777 shares, worth roughly $5.14 million.
Barclays initiated its LifeStance Health Group Inc [LFST] rating to an Underweight in a research note published on January 03, 2024; the price target was $7. A number of analysts have revised their coverage, including TD Cowen’s analysts, who decreased its forecast for the stock in mid May from “an Outperform” to “a Market perform”. Morgan Stanley also remained covering LFST and has increased its forecast on January 06, 2023 with a “an Overweight” recommendation from previously “an Equal-weight” rating.
Price Performance Review of LFST
On Monday, LifeStance Health Group Inc [NASDAQ:LFST] saw its stock jump 1.78% to $6.29. Over the last five days, the stock has gained 1.45%. LifeStance Health Group Inc shares have fallen nearly -19.67% since the year began. Nevertheless, the stocks have fallen -19.36% over the past one year. While a 52-week high of $9.59 was reached on 02/28/24, a 52-week low of $4.74 was recorded on 02/01/24. SMA at 50 days reached $6.54, while 200 days put it at $7.14. A total of 0.97 million shares were traded, compared to the trading of 1.08 million shares in the previous session.
Levels Of Support And Resistance For LFST Stock
The 24-hour chart illustrates a support level at 6.18, which if violated will result in even more drops to 6.08. On the upside, there is a resistance level at 6.40. A further resistance level may holdings at 6.51. The Relative Strength Index (RSI) on the 14-day chart is 47.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.10%. Stochastics %K at 44.93% indicates the stock is a holding.
How much short interest is there in LifeStance Health Group Inc?
A steep rise in short interest was recorded in LifeStance Health Group Inc stocks on Mar 15, 2024, dropping by -5.75 million shares to a total of 20.79 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 26.54 million shares. There was a decline of -27.66%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 26.64% of the overall stock float, the days-to-cover ratio (short ratio) fell to 12.33.
