LGI Homes Inc’s filing revealed that its CEO and Chairman of the Board Lipar Eric Thomas unloaded Company’s shares for reported $1.22 million on Mar 11 ’24. In the deal valued at $111.95 per share,10,869 shares were sold. As a result of this transaction, Lipar Eric Thomas now holds 627,430 shares worth roughly $60.35 million.
Then, Snider Michael Larry sold 7,993 shares, generating $879,724 in total proceeds. Upon selling the shares at $110.06, the President and COO now owns 19,016 shares.
Before that, Merdian Charles Michael sold 6,361 shares. LGI Homes Inc shares valued at $712,118 were divested by the CFO and Treasurer at a price of $111.95 per share. As a result of the transaction, Merdian Charles Michael now holds 9,458 shares, worth roughly $0.91 million.
Wedbush downgraded its LGI Homes Inc [LGIH] rating to an Underperform from a a Neutral in a research note published on April 02, 2024; the price target was decreased to $74 from $88. A number of analysts have revised their coverage, including BTIG Research’s analysts, who increased its forecast for the stock in early October from “a Sell” to “a Neutral”. Seaport Research Partners began covering LGIH with “Buy” recommendation on June 14, 2023. BTIG Research revised its rating on February 22, 2023. It rated LGIH as “a Sell” which previously was an “a Neutral”.
Price Performance Review of LGIH
On Tuesday, LGI Homes Inc [NASDAQ:LGIH] saw its stock jump 2.41% to $96.18. Over the last five days, the stock has gained 1.10%. LGI Homes Inc shares have fallen nearly -27.77% since the year began. Nevertheless, the stocks have fallen -15.63% over the past one year. While a 52-week high of $141.91 was reached on 01/02/24, a 52-week low of $84.15 was recorded on 04/19/24. SMA at 50 days reached $109.37, while 200 days put it at $115.97. A total of 0.26 million shares were traded, compared to the trading of 0.17 million shares in the previous session.
Levels Of Support And Resistance For LGIH Stock
The 24-hour chart illustrates a support level at 94.91, which if violated will result in even more drops to 93.64. On the upside, there is a resistance level at 97.18. A further resistance level may holdings at 98.18. The Relative Strength Index (RSI) on the 14-day chart is 38.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.78%. Stochastics %K at 12.92% indicates the stock is a buying.
