Lightwave Logic Inc’s recently made public that its Director LEONBERGER FREDERICK J unloaded Company’s shares for reported $0.35 million on Dec 13 ’23. In the deal valued at $4.67 per share,75,000 shares were sold. As a result of this transaction, LEONBERGER FREDERICK J now holds 179,128 shares worth roughly $0.76 million.
Then, Bucchi Ronald A sold 27,000 shares, generating $128,343 in total proceeds. Upon selling the shares at $4.75, the Director now owns 81,749 shares.
Before that, LEONBERGER FREDERICK J sold 49,000 shares. Lightwave Logic Inc shares valued at $379,750 were divested by the Director at a price of $7.75 per share. As a result of the transaction, LEONBERGER FREDERICK J now holds 154,128 shares, worth roughly $0.66 million.
Price Performance Review of LWLG
On Tuesday, Lightwave Logic Inc [NASDAQ:LWLG] saw its stock fall -2.29% to $4.26. Over the last five days, the stock has lost -4.05%. Lightwave Logic Inc shares have fallen nearly -14.46% since the year began. Nevertheless, the stocks have fallen -9.55% over the past one year. While a 52-week high of $9.18 was reached on 02/12/24, a 52-week low of $3.79 was recorded on 01/16/24. SMA at 50 days reached $4.38, while 200 days put it at $5.19. A total of 0.6 million shares were traded, compared to the trading of 0.64 million shares in the previous session.
Levels Of Support And Resistance For LWLG Stock
The 24-hour chart illustrates a support level at 4.17, which if violated will result in even more drops to 4.07. On the upside, there is a resistance level at 4.41. A further resistance level may holdings at 4.55. The Relative Strength Index (RSI) on the 14-day chart is 46.93, 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 bearish at 72.73%. Stochastics %K at 37.90% indicates the stock is a holding.
How much short interest is there in Lightwave Logic Inc?
A steep rise in short interest was recorded in Lightwave Logic Inc stocks on Mar 15, 2024, dropping by -1.07 million shares to a total of 19.91 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 20.98 million shares. There was a decline of -5.37%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 16.79% of the overall stock float, the days-to-cover ratio (short ratio) fell to 33.79.
