LyondellBasell Industries NV’s filing revealed that its Director Buchanan Robin W.T. unloaded Company’s shares for reported $1.82 million on Mar 15 ’24. In the deal valued at $100.46 per share,18,111 shares were sold. As a result of this transaction, Buchanan Robin W.T. now holds 12,276 shares worth roughly $1.27 million.
Then, McMurray Michael C. sold 16,940 shares, generating $1,708,219 in total proceeds. Upon selling the shares at $100.84, the EVP & CFO now owns 88,858 shares.
Before that, Oyolu Chukwuemeka A. sold 7,084 shares. LyondellBasell Industries NV shares valued at $711,744 were divested by the SVP, CAO & Investor Relations at a price of $100.47 per share. As a result of the transaction, Oyolu Chukwuemeka A. now holds 27,575 shares, worth roughly $2.86 million.
Wolfe Research initiated its LyondellBasell Industries NV [LYB] rating to an Underperform in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early February from “a Neutral” to “an Overweight”. Deutsche Bank also remained covering LYB and has decreased its forecast on January 10, 2024 with a “Hold” recommendation from previously “Buy” rating. Vertical Research revised its rating on January 03, 2024. It rated LYB as “a Buy” which previously was an “a Hold”.
Price Performance Review of LYB
On Monday, LyondellBasell Industries NV [NYSE:LYB] saw its stock fall -0.91% to $103.83. Over the last five days, the stock has gained 1.72%. LyondellBasell Industries NV shares have risen nearly 9.20% since the year began. Nevertheless, the stocks have risen 10.14% over the past one year. While a 52-week high of $106.69 was reached on 04/04/24, a 52-week low of $84.80 was recorded on 02/02/24. SMA at 50 days reached $98.98, while 200 days put it at $95.69. A total of 1.76 million shares were traded, compared to the trading of 0.12 million shares in the previous session.
Levels Of Support And Resistance For LYB Stock
The 24-hour chart illustrates a support level at 103.24, which if violated will result in even more drops to 102.66. On the upside, there is a resistance level at 104.84. A further resistance level may holdings at 105.86. The Relative Strength Index (RSI) on the 14-day chart is 59.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.74, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 37.19%. Stochastics %K at 69.40% indicates the stock is a holding.
How much short interest is there in LyondellBasell Industries NV?
A steep rise in short interest was recorded in LyondellBasell Industries NV stocks on Mar 15, 2024, growing by 0.93 million shares to a total of 5.36 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 4.43 million shares. There was a rise of 17.35%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.08% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.17.
