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. Laureate Education Inc shares valued at $307,209 were sold by del Corro Pedro on Mar 05 ’24. At $12.62 per share, del Corro Pedro sold 24,343 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, del Corro Pedro sold 1,086 shares, netting a total of over 13,705 in proceeds. Following the sale of shares at $12.62 each, the insider now holds 46,729 shares.
Before that, Wengen Alberta, LP had sold 200 shares from its account. In a trade valued at $2,650, the 10% Owner traded Laureate Education Inc shares for $13.25 each. Upon closing the transaction, the insider’s holdings decreased to 200 shares, worth approximately $265.96 million.
As published in their initiating research note from Jefferies on October 06, 2023, Laureate Education Inc [LAUR] has been a Buy and the price target has been revised to $20. Analysts at Morgan Stanley upgraded the stock from ‘”an Equal-weight”‘ to ‘”an Overweight”‘ outlook in a report released in early August. As of May 08, 2023, Morgan Stanley has decreased its “an Overweight” rating to a “an Equal-weight” for LAUR. Earlier on June 24, 2020, Morgan Stanley upgraded its rating. Their new recommendation was “an Overweight” for LAUR stock which previously was a “an Equal-weight”.
Analyzing LAUR Stock Performance
During the last five days, there has been a surge of approximately 2.77%. Over the course of the year, Laureate Education Inc shares have jumped approximately 5.40%. Shares of the company reached a 52-week high of $14.91 on 04/05/24 and a 52-week low of $12.45 on 01/11/24. A 50-day SMA is recorded $13.88, while a 200-day SMA reached $13.60. Nevertheless, trading volume fell to 0.61 million shares from 0.75 million shares the previous day.
Support And Resistance Levels for Laureate Education Inc (LAUR)
According to the 24-hour chart, there is a support level at 14.25, which, if violated, would cause prices to drop to 14.06. In the upper region, resistance lies at 14.59. The next price resistance is at 14.74. RSI (Relative Strength Index) is 58.20 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.02, which suggests the price will decrease in the coming days. Percent R is at 39.64%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
