Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Lyft Inc shares valued at $196,661 were sold by Sverchek Kristin on Apr 01 ’24. At $19.28 per share, Sverchek Kristin sold 10,200 shares. The insider’s holdings dropped to 70,778 shares worth approximately $1.38 million following the completion of this transaction.
Also, Zimmer John Patrick sold 193,200 shares, netting a total of over 3,872,404 in proceeds. Following the sale of shares at $20.04 each, the insider now holds 932,544 shares.
Before that, Zimmer John Patrick had sold 36,000 shares from its account. In a trade valued at $721,566, the Director traded Lyft Inc shares for $20.04 each. Upon closing the transaction, the insider’s holdings decreased to 36,000 shares, worth approximately $0.0.
As published in a research note from Argus on March 05, 2024, Lyft Inc [LYFT] has been rated up from a Hold to a Buy. Analysts at RBC Capital Mkts upgraded the stock from ‘”a Sector perform”‘ to ‘”an Outperform”‘ outlook in a report released in early March. As of February 14, 2024, MoffettNathanson has increased its “Sell” rating to a “Neutral” for LYFT. Earlier on January 11, 2024, Goldman downgraded its rating. Their new recommendation was “a Neutral” for LYFT stock which previously was a “a Buy”.
Analyzing LYFT Stock Performance
During the last five days, there has been a surge of approximately 12.06%. Over the course of the year, Lyft Inc shares have jumped approximately 30.22%. Shares of the company reached a 52-week high of $20.82 on 03/21/24 and a 52-week low of $11.69 on 02/13/24. A 50-day SMA is recorded $16.84, while a 200-day SMA reached $12.88. Nevertheless, trading volume fell to 13.84 million shares from 12.17 million shares the previous day.
Support And Resistance Levels for Lyft Inc (LYFT)
According to the 24-hour chart, there is a support level at 18.88, which, if violated, would cause prices to drop to 18.25. In the upper region, resistance lies at 19.85. The next price resistance is at 20.19. RSI (Relative Strength Index) is 60.76 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.03, which suggests the price will decrease in the coming days. Percent R is at 33.53%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Lyft Inc subject to short interest?
Stocks of Lyft Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 6.58 million shares to 52.74 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 46.16 million shares. A jump of 12.48% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.36 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.36.
