In a filing, La-Z-Boy Inc. revealed its Sr VP & Chief Supply Chain Off Leggett Michael Adam unloaded Company’s shares for reported $0.11 million on Mar 21 ’24. In the deal valued at $37.08 per share,3,077 shares were sold. As a result of this transaction, Leggett Michael Adam now holds 21,519 shares worth roughly $0.78 million.
Then, KERR JANET sold 4,582 shares, generating $141,409 in total proceeds. Upon selling the shares at $30.86, the Director now owns 3,890 shares.
Raymond James downgraded its La-Z-Boy Inc. [LZB] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Sidoti’s analysts, who increased its forecast for the stock in mid October from “a Neutral” to “a Buy”. Sidoti also remained covering LZB and has increased its forecast on March 09, 2020 with a “Buy” recommendation from previously “Neutral” rating. CFRA revised its rating on February 25, 2020. It rated LZB as “a Hold” which previously was an “a Sell”.
Price Performance Review of LZB
On Tuesday, La-Z-Boy Inc. [NYSE:LZB] saw its stock jump 0.89% to $36.33. Over the last five days, the stock has gained 1.57%. La-Z-Boy Inc. shares have fallen nearly -1.60% since the year began. Nevertheless, the stocks have risen 30.22% over the past one year. While a 52-week high of $39.87 was reached on 02/12/24, a 52-week low of $25.12 was recorded on 01/18/24. SMA at 50 days reached $36.70, while 200 days put it at $33.10. A total of 0.29 million shares were traded, compared to the trading of 0.36 million shares in the previous session.
Levels Of Support And Resistance For LZB Stock
The 24-hour chart illustrates a support level at 35.93, which if violated will result in even more drops to 35.53. On the upside, there is a resistance level at 36.60. A further resistance level may holdings at 36.86. The Relative Strength Index (RSI) on the 14-day chart is 48.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.60%. Stochastics %K at 25.47% indicates the stock is a holding.
How much short interest is there in La-Z-Boy Inc.?
A steep rise in short interest was recorded in La-Z-Boy Inc. stocks on Mar 28, 2024, dropping by -0.3 million shares to a total of 2.5 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 2.8 million shares. There was a decline of -12.0%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 8.24% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.83.
