Lovesac Company’s recent filing unveils that its Chief Executive Officer Nelson Shawn David unloaded Company’s shares for reported $0.13 million on Mar 15 ’24. In the deal valued at $22.44 per share,6,000 shares were sold. As a result of this transaction, Nelson Shawn David now holds 179,970 shares worth roughly $3.51 million.
Then, HEYER ANDREW R bought 9,100 shares, generating $236,594 in total proceeds. Upon buying the shares at $26.00, the Director now owns 2,800 shares.
Before that, Nelson Shawn David sold 19,000 shares. Lovesac Company shares valued at $469,213 were divested by the Chief Executive Officer at a price of $24.70 per share. As a result of the transaction, Nelson Shawn David now holds 185,970 shares, worth roughly $3.63 million.
ROTH MKM reiterated its Lovesac Company [LOVE] rating to a Buy in a research note published on March 29, 2023; the price target was $36. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who remained covering the stock and in mid September has reiterated a ‘”an Outperform”‘ rating for it. BTIG Research also remained covering LOVE and reiterated its “Buy” recommendation on June 10, 2020. BTIG Research started covering the stock on April 29, 2020. It rated LOVE as “a Buy”.
Price Performance Review of LOVE
On Friday, Lovesac Company [NASDAQ:LOVE] saw its stock fall -5.89% to $19.51. Over the last five days, the stock has lost -18.16%. Lovesac Company shares have fallen nearly -23.64% since the year began. Nevertheless, the stocks have fallen -29.41% over the past one year. While a 52-week high of $30.93 was reached on 01/02/24, a 52-week low of $14.18 was recorded on 04/12/24. SMA at 50 days reached $22.88, while 200 days put it at $22.72. A total of 0.85 million shares were traded, compared to the trading of 2.75 million shares in the previous session.
Levels Of Support And Resistance For LOVE Stock
The 24-hour chart illustrates a support level at 18.69, which if violated will result in even more drops to 17.88. On the upside, there is a resistance level at 20.35. A further resistance level may holdings at 21.20. The Relative Strength Index (RSI) on the 14-day chart is 33.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.60%. Stochastics %K at 31.31% indicates the stock is a holding.
The most recent change occurred on April 20, 2020 when ROTH Capital began covering the stock and recommended ‘”a Buy”‘ rating along with a $16 price target.
