In a filing, Lemonade Inc revealed its Chief Business Officer Prosor Maya unloaded Company’s shares for reported $5139.0 on Mar 11 ’24. In the deal valued at $17.72 per share,290 shares were sold. As a result of this transaction, Prosor Maya now holds 9,522 shares worth roughly $ 0.15 million.
Then, BIXBY TIMOTHY E bought 10,000 shares, generating $165,400 in total proceeds. Upon buying the shares at $16.54, the Chief Financial Officer now owns 10,000 shares.
Before that, BIXBY TIMOTHY E sold 2,161 shares. Lemonade Inc shares valued at $35,700 were divested by the Chief Financial Officer at a price of $16.52 per share. As a result of the transaction, BIXBY TIMOTHY E now holds 275,679 shares, worth roughly $4.37 million.
TD Cowen initiated its Lemonade Inc [LMND] rating to a Market perform in a research note published on January 10, 2024; the price target was $17. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who decreased its forecast for the stock in early December from “an Outperform” to “a Perform”. Morgan Stanley began covering LMND with “an Underweight” recommendation on June 20, 2023. BMO Capital Markets started covering the stock on January 20, 2023. It rated LMND as “an Underperform”.
Price Performance Review of LMND
On Friday, Lemonade Inc [NYSE:LMND] saw its stock jump 0.83% to $15.86. Over the last five days, the stock has lost -5.48%. Lemonade Inc shares have fallen nearly -1.67% since the year began. Nevertheless, the stocks have risen 21.44% over the past one year. While a 52-week high of $24.81 was reached on 02/27/24, a 52-week low of $10.27 was recorded on 02/05/24. SMA at 50 days reached $16.81, while 200 days put it at $15.98. A total of 1.42 million shares were traded, compared to the trading of 1.37 million shares in the previous session.
Levels Of Support And Resistance For LMND Stock
The 24-hour chart illustrates a support level at 15.52, which if violated will result in even more drops to 15.17. On the upside, there is a resistance level at 16.20. A further resistance level may holdings at 16.53. The Relative Strength Index (RSI) on the 14-day chart is 43.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.62, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.30%. Stochastics %K at 9.99% indicates the stock is a buying.
The most recent change occurred on November 17, 2022 when Keefe Bruyette began covering the stock and recommended ‘”a Mkt perform”‘ rating along with a $24 price target.
