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. MSP Recovery Inc shares valued at $976,360 were sold by Cano Health, Inc. on Apr 02 ’24. At $0.88 per share, Cano Health, Inc. sold 1,109,500 shares. The insider’s holdings dropped to 903,655 shares worth approximately $0.85 million following the completion of this transaction.
Also, Cano Health, Inc. sold 30,376 shares, netting a total of over 20,352 in proceeds. Following the sale of shares at $0.67 each, the insider now holds 2,013,155 shares.
Before that, Cano Health, Inc. had sold 25,778 shares from its account. In a trade valued at $17,787, the 10% Owner traded MSP Recovery Inc shares for $0.69 each. Upon closing the transaction, the insider’s holdings decreased to 25,778 shares, worth approximately $1.92 million.
Analyzing LIFW Stock Performance
During the last five days, there has been a surge of approximately 12.69%. Over the course of the year, MSP Recovery Inc shares have dropped approximately -58.79%. Shares of the company reached a 52-week high of $2.6400 on 04/08/24 and a 52-week low of $0.6501 on 04/01/24. A 50-day SMA is recorded $0.9448, while a 200-day SMA reached $2.6683. Nevertheless, trading volume fell to 0.82 million shares from 1.24 million shares the previous day.
Support And Resistance Levels for MSP Recovery Inc (LIFW)
According to the 24-hour chart, there is a support level at 0.8569, which, if violated, would cause prices to drop to 0.7785. In the upper region, resistance lies at 1.0919. The next price resistance is at 1.2485. RSI (Relative Strength Index) is 46.54 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0656, which suggests the price will decrease in the coming days. Percent R is at 92.85%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
