Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Las Vegas Sands Corp shares valued at $5,206,000 were sold by Goldstein Robert G on Mar 15 ’24. At $52.06 per share, Goldstein Robert G sold 100,000 shares. The insider’s holdings dropped to 172,801 shares worth approximately $8.68 million following the completion of this transaction.
Also, Adelson Miriam sold 34,010,540 shares, netting a total of over 1,470,275,644 in proceeds. Following the sale of shares at $43.23 each, the insider now holds 0 shares.
Before that, Adelson Miriam had sold 12,253,628 shares from its account. In a trade valued at $529,724,338, the 10% Owner traded Las Vegas Sands Corp shares for $43.23 each. Upon closing the transaction, the insider’s holdings decreased to 12,253,628 shares, worth approximately $2.07 billion.
As published in their initiating research note from Seaport Research Partners on April 15, 2024, Las Vegas Sands Corp [LVS] has been a Buy and the price target has been revised to $63. Analysts at Mizuho started covering the stock with ‘”a Buy”‘ outlook in a report released in late March. As of December 15, 2023, Susquehanna has initiated its “Positive” rating for LVS. Earlier on June 08, 2023, Jefferies downgraded its rating. Their new recommendation was “a Hold” for LVS stock which previously was a “a Buy”.
Analyzing LVS Stock Performance
During the last five days, there has been a drop of approximately -3.14%. Over the course of the year, Las Vegas Sands Corp shares have jumped approximately 2.07%. Shares of the company reached a 52-week high of $55.65 on 02/16/24 and a 52-week low of $47.54 on 01/17/24. A 50-day SMA is recorded $52.33, while a 200-day SMA reached $50.99. Nevertheless, trading volume fell to 8.97 million shares from 4.49 million shares the previous day.
Support And Resistance Levels for Las Vegas Sands Corp (LVS)
According to the 24-hour chart, there is a support level at 49.79, which, if violated, would cause prices to drop to 49.34. In the upper region, resistance lies at 50.74. The next price resistance is at 51.24. RSI (Relative Strength Index) is 40.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.62, which suggests the price will decrease in the coming days. Percent R is at 85.69%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
