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Lindblad Expeditions Holdings Inc (LIND) receives a Buy rating from B. Riley Securities

Lindblad Expeditions Holdings Inc’s recently made public that its Director SCHULTZ ALEX P acquired Company’s shares for reported $0.25 million on Apr 19 ’24. In the deal valued at $7.47 per share,33,016 shares were bought. As a result of this transaction, SCHULTZ ALEX P now holds 126,400 shares worth roughly $0.93 million.

Then, SCHULTZ ALEX P bought 11,819 shares, generating $110,659 in total proceeds. Upon buying the shares at $9.36, the Director now owns 93,384 shares.

Before that, SCHULTZ ALEX P bought 27,474 shares. Lindblad Expeditions Holdings Inc shares valued at $231,600 were divested by the Director at a price of $8.43 per share. As a result of the transaction, SCHULTZ ALEX P now holds 81,565 shares, worth roughly $0.6 million.

B. Riley Securities initiated its Lindblad Expeditions Holdings Inc [LIND] rating to a Buy in a research note published on November 10, 2023; the price target was $12. A number of analysts have revised their coverage, including William Blair’s analysts, who increased its forecast for the stock in early November from “a Mkt perform” to “an Outperform”. Oppenheimer began covering LIND with “an Outperform” recommendation on April 22, 2022. William Blair started covering the stock on December 09, 2021. It rated LIND as “a Mkt perform”.

Price Performance Review of LIND

On Tuesday, Lindblad Expeditions Holdings Inc [NASDAQ:LIND] saw its stock jump 1.38% to $7.35. Over the last five days, the stock has gained 0.96%. Lindblad Expeditions Holdings Inc shares have fallen nearly -34.78% since the year began. Nevertheless, the stocks have fallen -37.66% over the past one year. While a 52-week high of $12.13 was reached on 01/02/24, a 52-week low of $5.47 was recorded on 04/18/24. SMA at 50 days reached $8.55, while 200 days put it at $8.71. A total of 0.69 million shares were traded, compared to the trading of 0.24 million shares in the previous session.

Levels Of Support And Resistance For LIND Stock

The 24-hour chart illustrates a support level at 7.08, which if violated will result in even more drops to 6.80. On the upside, there is a resistance level at 7.77. A further resistance level may holdings at 8.20. The Relative Strength Index (RSI) on the 14-day chart is 36.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.02%. Stochastics %K at 22.00% indicates the stock is a holding.

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