Lennox International Inc’s recent filing unveils that its EVP & Pres., Home Comfort Sol Bedard Gary S unloaded Company’s shares for reported $0.88 million on Mar 18 ’24. In the deal valued at $473.59 per share,1,849 shares were sold. As a result of this transaction, Bedard Gary S now holds 20,465 shares worth roughly $9.86 million.
Then, Reitmeier Joseph William sold 1,930 shares, generating $909,947 in total proceeds. Upon selling the shares at $471.48, the EVP now owns 24,533 shares.
Before that, Bedard Gary S sold 570 shares. Lennox International Inc shares valued at $246,071 were divested by the EVP & President, Residential at a price of $431.70 per share. As a result of the transaction, Bedard Gary S now holds 19,578 shares, worth roughly $9.43 million.
A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in early February from “a Neutral” to “an Underweight”. Stephens also remained covering LII and has increased its forecast on December 11, 2023 with a “an Overweight” recommendation from previously “an Equal-weight” rating. Mizuho revised its rating on October 17, 2023. It rated LII as “a Buy” which previously was an “a Neutral”.
Price Performance Review of LII
On Tuesday, Lennox International Inc [NYSE:LII] saw its stock fall -0.65% to $481.63. Over the last five days, the stock has gained 0.73%. Lennox International Inc shares have risen nearly 7.62% since the year began. Nevertheless, the stocks have risen 104.79% over the past one year. While a 52-week high of $501.72 was reached on 03/21/24, a 52-week low of $232.16 was recorded on 02/05/24. SMA at 50 days reached $464.08, while 200 days put it at $404.31. A total of 0.22 million shares were traded, compared to the trading of 0.25 million shares in the previous session.
Levels Of Support And Resistance For LII Stock
The 24-hour chart illustrates a support level at 472.54, which if violated will result in even more drops to 463.45. On the upside, there is a resistance level at 488.91. A further resistance level may holdings at 496.19. The Relative Strength Index (RSI) on the 14-day chart is 53.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.77%. Stochastics %K at 46.81% indicates the stock is a holding.
How much short interest is there in Lennox International Inc?
A steep rise in short interest was recorded in Lennox International Inc stocks on Mar 15, 2024, growing by 88410.0 shares to a total of 0.93 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 0.84 million shares. There was a rise of 9.52%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.67% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.04.
