Las Vegas Sands Corp’s filing revealed that its Chairman & CEO Goldstein Robert G unloaded Company’s shares for reported $5.21 million on Mar 15 ’24. In the deal valued at $52.06 per share,100,000 shares were sold. As a result of this transaction, Goldstein Robert G now holds 172,801 shares worth roughly $7.86 million.
Then, Adelson Miriam sold 34,010,540 shares, generating $1,470,275,644 in total proceeds. Upon selling the shares at $43.23, the 10% Owner now owns 0 shares.
Before that, Adelson Miriam sold 12,253,628 shares. Las Vegas Sands Corp shares valued at $529,724,338 were divested by the 10% Owner at a price of $43.23 per share. As a result of the transaction, Adelson Miriam now holds 41,134,164 shares, worth roughly $1.87 billion.
Seaport Research Partners initiated its Las Vegas Sands Corp [LVS] rating to a Buy in a research note published on April 15, 2024; the price target was $63. A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in late March with a ‘”a Buy”‘ rating. Susquehanna began covering LVS with “Positive” recommendation on December 15, 2023. Jefferies revised its rating on June 08, 2023. It rated LVS as “a Hold” which previously was an “a Buy”.
Price Performance Review of LVS
On Friday, Las Vegas Sands Corp [NYSE:LVS] saw its stock fall -0.92% to $45.46. Over the last five days, the stock has lost -9.86%. Las Vegas Sands Corp shares have fallen nearly -7.62% since the year began. Nevertheless, the stocks have fallen -23.42% over the past one year. While a 52-week high of $65.58 was reached on 02/16/24, a 52-week low of $43.77 was recorded on 04/19/24. SMA at 50 days reached $52.06, while 200 days put it at $50.87. A total of 7.99 million shares were traded, compared to the trading of 21.52 million shares in the previous session.
Levels Of Support And Resistance For LVS Stock
The 24-hour chart illustrates a support level at 44.96, which if violated will result in even more drops to 44.45. On the upside, there is a resistance level at 46.41. A further resistance level may holdings at 47.35. The Relative Strength Index (RSI) on the 14-day chart is 24.51, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.79, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.34%. Stochastics %K at 6.60% indicates the stock is a buying.
The most recent change occurred on April 20, 2023 when Wells Fargo resumed its ‘”an Overweight”‘ rating for the stock and retained the price target to $71.
