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Laird Superfood Inc [LSF] Investment Appeal on the Rise

Laird Superfood Inc’s filing revealed that its Director Barker Geoffrey T acquired Company’s shares for reported $0.14 million on Mar 15 ’24. In the deal valued at $2.79 per share,50,000 shares were bought. As a result of this transaction, Barker Geoffrey T now holds 179,057 shares worth roughly $0.4 million.

Then, Naylor Maile bought 8,850 shares, generating $20,049 in total proceeds. Upon buying the shares at $2.27, the Director now owns 91,807 shares.

Before that, Hamill Anna bought 4,600 shares. Laird Superfood Inc shares valued at $9,338 were divested by the Chief Financial Officer at a price of $2.03 per share. As a result of the transaction, Hamill Anna now holds 108,534 shares, worth roughly $0.24 million.

ROTH Capital downgraded its Laird Superfood Inc [LSF] rating to a Neutral from a a Buy in a research note published on August 12, 2021; the price target was decreased to $23 from $43. A number of analysts have revised their coverage, including ROTH Capital’s analysts, who began to cover the stock in mid October with a ‘”a Buy”‘ rating. Canaccord Genuity began covering LSF with “Buy” recommendation on October 19, 2020.

Price Performance Review of LSF

On Tuesday, Laird Superfood Inc [AMEX:LSF] saw its stock jump 1.37% to $2.22. Over the last five days, the stock has lost -19.57%. Laird Superfood Inc shares have risen nearly 143.96% since the year began. Nevertheless, the stocks have risen 124.02% over the past one year. While a 52-week high of $3.48 was reached on 03/18/24, a 52-week low of $0.65 was recorded on 02/26/24. SMA at 50 days reached $1.64, while 200 days put it at $1.14. A total of 0.22 million shares were traded, compared to the trading of 0.18 million shares in the previous session.

Levels Of Support And Resistance For LSF Stock

The 24-hour chart illustrates a support level at 2.13, which if violated will result in even more drops to 2.04. On the upside, there is a resistance level at 2.29. A further resistance level may holdings at 2.36. The Relative Strength Index (RSI) on the 14-day chart is 50.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.71%. Stochastics %K at 10.32% indicates the stock is a buying.

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