The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Lithia Motors, Inc. shares valued at $40,208 were sold by McIntyre Shauna on Feb 16 ’24. At $297.84 per share, McIntyre Shauna sold 135 shares. The insider’s holdings dropped to 1,662 shares worth approximately $0.41 million following the completion of this transaction.
Also, McIntyre Shauna sold 90 shares, netting a total of over 24,750 in proceeds. Following the sale of shares at $275.00 each, the insider now holds 1,797 shares.
Before that, DEBOER SIDNEY B had sold 5,000 shares from its account. In a trade valued at $1,552,966, the Director traded Lithia Motors, Inc. shares for $310.59 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $5.44 million.
As published in their initiating research note from Evercore ISI on January 17, 2024, Lithia Motors, Inc. [LAD] has been an Outperform and the price target has been revised to $400. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in late October. As of January 13, 2023, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for LAD.
Analyzing LAD Stock Performance
During the last five days, there has been a drop of approximately -4.83%. Over the course of the year, Lithia Motors, Inc. shares have dropped approximately -24.58%. Shares of the company reached a 52-week high of $329.86 on 01/02/24 and a 52-week low of $247.84 on 04/24/24. A 50-day SMA is recorded $284.31, while a 200-day SMA reached $289.15. Nevertheless, trading volume fell to 0.71 million shares from 0.33 million shares the previous day.
Support And Resistance Levels for Lithia Motors, Inc. (LAD)
According to the 24-hour chart, there is a support level at 243.63, which, if violated, would cause prices to drop to 238.91. In the upper region, resistance lies at 257.27. The next price resistance is at 266.19. RSI (Relative Strength Index) is 26.83 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -7.16, which suggests the price will decrease in the coming days. Percent R is at 98.62%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
