Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Lemonade Inc shares valued at $5,139 were sold by Prosor Maya on Mar 11 ’24. At $17.72 per share, Prosor Maya sold 290 shares. The insider’s holdings dropped to 9,522 shares worth approximately $0.15 million following the completion of this transaction.
Also, BIXBY TIMOTHY E purchased 10,000 shares, netting a total of over 165,400 in proceeds. Following the buying of shares at $16.54 each, the insider now holds 10,000 shares.
Before that, BIXBY TIMOTHY E had sold 2,161 shares from its account. In a trade valued at $35,700, the Chief Financial Officer traded Lemonade Inc shares for $16.52 each. Upon closing the transaction, the insider’s holdings decreased to 2,161 shares, worth approximately $4.34 million.
As published in their initiating research note from TD Cowen on January 10, 2024, Lemonade Inc [LMND] has been a Market perform and the price target has been revised to $17. Analysts at Oppenheimer downgraded the stock from ‘”an Outperform”‘ to ‘”a Perform”‘ outlook in a report released in early December. As of June 20, 2023, Morgan Stanley has initiated its “an Underweight” rating for LMND. Earlier on January 20, 2023, BMO Capital Markets initiated its rating. Their recommendation was “an Underperform” for LMND stock.
Analyzing LMND Stock Performance
During the last five days, there has been a drop of approximately -4.66%. Over the course of the year, Lemonade Inc shares have dropped approximately -2.42%. Shares of the company reached a 52-week high of $21.94 on 02/27/24 and a 52-week low of $15.05 on 02/05/24. A 50-day SMA is recorded $16.81, while a 200-day SMA reached $16.00. Nevertheless, trading volume fell to 1.07 million shares from 1.91 million shares the previous day.
Support And Resistance Levels for Lemonade Inc (LMND)
According to the 24-hour chart, there is a support level at 15.45, which, if violated, would cause prices to drop to 15.15. In the upper region, resistance lies at 16.22. The next price resistance is at 16.69. RSI (Relative Strength Index) is 42.57 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.45, which suggests the price will decrease in the coming days. Percent R is at 94.79%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
