LoanDepot Inc’s filing revealed that its Managing Director Binowitz Dan unloaded Company’s shares for reported $32526.0 on Mar 20 ’24. In the deal valued at $2.34 per share,13,900 shares were sold. As a result of this transaction, Binowitz Dan now holds 783,251 shares worth roughly $2.15 million.
Then, Walsh Jeff Alexander sold 7,020 shares, generating $18,252 in total proceeds. Upon selling the shares at $2.60, the President, LDI Mortgage now owns 3,915,394 shares.
Before that, Walsh Jeff Alexander sold 32,264 shares. LoanDepot Inc shares valued at $85,213 were divested by the President, LDI Mortgage at a price of $2.64 per share. As a result of the transaction, Walsh Jeff Alexander now holds 3,922,414 shares, worth roughly $10.75 million.
Goldman downgraded its LoanDepot Inc [LDI] rating to a Sell from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in early December with a ‘”a Neutral”‘ rating. William Blair also remained covering LDI and has decreased its forecast on March 09, 2023 with a “Mkt perform” recommendation from previously “an Outperform” rating. Credit Suisse revised its rating on January 09, 2023. It rated LDI as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of LDI
On Tuesday, LoanDepot Inc [NYSE:LDI] saw its stock jump 2.24% to $2.74. Over the last five days, the stock has gained 11.38%. LoanDepot Inc shares have fallen nearly -22.16% since the year began. Nevertheless, the stocks have risen 86.39% over the past one year. While a 52-week high of $3.71 was reached on 01/08/24, a 52-week low of $1.14 was recorded on 03/13/24. SMA at 50 days reached $2.56, while 200 days put it at $2.20. A total of 0.23 million shares were traded, compared to the trading of 0.2 million shares in the previous session.
Levels Of Support And Resistance For LDI Stock
The 24-hour chart illustrates a support level at 2.68, which if violated will result in even more drops to 2.63. On the upside, there is a resistance level at 2.79. A further resistance level may holdings at 2.85. The Relative Strength Index (RSI) on the 14-day chart is 59.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 8.26%. Stochastics %K at 76.06% indicates the stock is a holding.
How much short interest is there in LoanDepot Inc?
A steep rise in short interest was recorded in LoanDepot Inc stocks on Mar 15, 2024, dropping by -0.21 million shares to a total of 1.7 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 1.91 million shares. There was a decline of -12.35%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.80% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.97.
