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Insider Sale Alert: Louisiana-Pacific Corp. [LPX] – Is it Time to sell?

Louisiana-Pacific Corp.’s recent filing unveils that its Director Gottung Lizanne C unloaded Company’s shares for reported $0.19 million on Mar 15 ’24. In the deal valued at $77.58 per share,2,500 shares were sold. As a result of this transaction, Gottung Lizanne C now holds 25,995 shares worth roughly $1.93 million.

Then, Blosser Michael W sold 4,060 shares, generating $272,020 in total proceeds. Upon selling the shares at $67.00, the SVP, Manufacturing Services now owns 49,858 shares.

Before that, Gottung Lizanne C sold 3,313 shares. Louisiana-Pacific Corp. shares valued at $221,971 were divested by the Director at a price of $67.00 per share. As a result of the transaction, Gottung Lizanne C now holds 28,495 shares, worth roughly $2.11 million.

TD Securities downgraded its Louisiana-Pacific Corp. [LPX] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including TD Securities’s analysts, who increased its forecast for the stock in mid September from “a Hold” to “a Buy”. DA Davidson also remained covering LPX and has increased its forecast on August 23, 2023 with a “Buy” recommendation from previously “Neutral” rating. TD Securities revised its rating on July 18, 2023. It rated LPX as “a Hold” which previously was an “a Buy”.

Price Performance Review of LPX

On Monday, Louisiana-Pacific Corp. [NYSE:LPX] saw its stock fall -0.55% to $74.16. Over the last five days, the stock has gained 1.27%. Louisiana-Pacific Corp. shares have risen nearly 4.70% since the year began. Nevertheless, the stocks have risen 27.60% over the past one year. While a 52-week high of $84.54 was reached on 03/25/24, a 52-week low of $49.47 was recorded on 02/05/24. SMA at 50 days reached $76.42, while 200 days put it at $66.48. A total of 0.73 million shares were traded, compared to the trading of 0.84 million shares in the previous session.

Levels Of Support And Resistance For LPX Stock

The 24-hour chart illustrates a support level at 73.45, which if violated will result in even more drops to 72.73. On the upside, there is a resistance level at 75.10. A further resistance level may holdings at 76.03. The Relative Strength Index (RSI) on the 14-day chart is 42.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.03%. Stochastics %K at 35.39% indicates the stock is a holding.

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