Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Liveperson Inc shares valued at $2,781 were sold by Collins John DeNeen on Apr 02 ’24. At $0.94 per share, Collins John DeNeen sold 2,958 shares. The insider’s holdings dropped to 481,941 shares worth approximately $0.35 million following the completion of this transaction.
Also, Greenberg Monica L. sold 1,957 shares, netting a total of over 1,840 in proceeds. Following the sale of shares at $0.94 each, the insider now holds 207,344 shares.
Before that, Pegueros Vanessa had added 5,000 shares to its account. In a trade valued at $5,100, the Director bought Liveperson Inc shares for $1.02 each. Upon closing the transaction, the insider’s holdings increased to 5,000 shares, worth approximately $65694.89.
As published in a research note from ROTH MKM on February 29, 2024, Liveperson Inc [LPSN] has been rated down from a Buy to a Neutral and the price target has been revised to $2 from $6. Analysts at ROTH MKM upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early August. As of August 09, 2023, Craig Hallum has increased its “Hold” rating to a “Buy” for LPSN. Earlier on July 12, 2023, Loop Capital upgraded its rating. Their new recommendation was “a Hold” for LPSN stock which previously was a “a Sell”.
Analyzing LPSN Stock Performance
During the last five days, there has been a drop of approximately -20.17%. Over the course of the year, Liveperson Inc shares have dropped approximately -80.68%. Shares of the company reached a 52-week high of $3.9800 on 01/09/24 and a 52-week low of $0.7070 on 04/10/24. A 50-day SMA is recorded $1.6784, while a 200-day SMA reached $3.1957. Nevertheless, trading volume fell to 4.6 million shares from 3.51 million shares the previous day.
Support And Resistance Levels for Liveperson Inc (LPSN)
According to the 24-hour chart, there is a support level at 0.6976, which, if violated, would cause prices to drop to 0.6631. In the upper region, resistance lies at 0.7760. The next price resistance is at 0.8199. RSI (Relative Strength Index) is 23.02 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.1501, which suggests the price will decrease in the coming days. Percent R is at 94.64%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Liveperson Inc subject to short interest?
Stocks of Liveperson Inc saw a sharp rise in short interest on Mar 28, 2024 jumping by 1.83 million shares to 6.75 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 4.92 million shares. A jump of 27.11% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.64 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.64.
