The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. LKQ Corp shares valued at $10,394,860 were sold by Zarcone Dominick P on Mar 01 ’24. At $51.97 per share, Zarcone Dominick P sold 200,000 shares. The insider’s holdings dropped to 386,522 shares worth approximately $19.53 million following the completion of this transaction.
Also, MCGARVIE BLYTHE J sold 5,564 shares, netting a total of over 260,525 in proceeds. Following the sale of shares at $46.82 each, the insider now holds 23,880 shares.
Before that, Laroyia Varun had sold 35,000 shares from its account. In a trade valued at $1,609,598, the EVP and CEO of LKQ Europe traded LKQ Corp shares for $45.99 each. Upon closing the transaction, the insider’s holdings decreased to 35,000 shares, worth approximately $7.77 million.
As published in their initiating research note from MKM Partners on July 13, 2022, LKQ Corp [LKQ] has been a Buy and the price target has been revised to $68. Analysts at Barrington Research upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in late April. As of February 17, 2022, Barrington Research has decreased its “an Outperform” rating to a “Mkt perform” for LKQ. Earlier on August 02, 2021, Raymond James upgraded its rating. Their new recommendation was “an Outperform” for LKQ stock which previously was a “a Mkt perform”.
Analyzing LKQ Stock Performance
During the last five days, there has been a drop of approximately -3.16%. Over the course of the year, LKQ Corp shares have jumped approximately 5.71%. Shares of the company reached a 52-week high of $53.68 on 03/28/24 and a 52-week low of $45.99 on 02/05/24. A 50-day SMA is recorded $50.82, while a 200-day SMA reached $50.18. Nevertheless, trading volume fell to 1.11 million shares from 1.1 million shares the previous day.
Support And Resistance Levels for LKQ Corp (LKQ)
According to the 24-hour chart, there is a support level at 50.14, which, if violated, would cause prices to drop to 49.77. In the upper region, resistance lies at 51.06. The next price resistance is at 51.61. RSI (Relative Strength Index) is 40.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.94, which suggests the price will decrease in the coming days. Percent R is at 93.77%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is LKQ Corp subject to short interest?
Stocks of LKQ Corp saw a sharp steep in short interest on Mar 28, 2024 dropping by -1.15 million shares to 3.4 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 4.55 million shares. A decline of -33.82% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.38 of the overall float, the days-to-cover ratio (short ratio) decline to 2.38.
