Landstar System, Inc.’s recently made public that its VP General Counsel & Secy Kneller Michael K unloaded Company’s shares for reported $2.33 million on Feb 05 ’24. In the deal valued at $190.30 per share,12,219 shares were sold. As a result of this transaction, Kneller Michael K now holds 61,127 shares worth roughly $10.64 million.
Then, CORO RICARDO S sold 5,000 shares, generating $952,790 in total proceeds. Upon selling the shares at $190.56, the Vice President – CIO now owns 20,424 shares.
Before that, Beacom Joseph J sold 10,000 shares. Landstar System, Inc. shares valued at $2,022,272 were divested by the VP, CSO, COO at a price of $202.23 per share. As a result of the transaction, Beacom Joseph J now holds 20,000 shares, worth roughly $3.48 million.
Wolfe Research upgraded its Landstar System, Inc. [LSTR] rating to an Outperform from a a Peer perform in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who began to cover the stock in mid December with a ‘”a Neutral”‘ rating. UBS began covering LSTR with “Neutral” recommendation on August 17, 2023. Raymond James revised its rating on February 06, 2023. It rated LSTR as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of LSTR
On Tuesday, Landstar System, Inc. [NASDAQ:LSTR] saw its stock fall -1.20% to $174.13. Over the last five days, the stock has lost -5.73%. Landstar System, Inc. shares have fallen nearly -9.14% since the year began. Nevertheless, the stocks have fallen -2.67% over the past one year. While a 52-week high of $206.47 was reached on 01/24/24, a 52-week low of $159.47 was recorded on 04/16/24. SMA at 50 days reached $187.69, while 200 days put it at $186.21. A total of 0.25 million shares were traded, compared to the trading of 0.21 million shares in the previous session.
Levels Of Support And Resistance For LSTR Stock
The 24-hour chart illustrates a support level at 173.48, which if violated will result in even more drops to 172.83. On the upside, there is a resistance level at 175.31. A further resistance level may holdings at 176.48. The Relative Strength Index (RSI) on the 14-day chart is 32.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -8.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.38%. Stochastics %K at 4.32% indicates the stock is a buying.
