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Recent Insider Activity Suggests Potential Gains for Leafly Holdings Inc (LFLY)

Leafly Holdings Inc’s recent filing unveils that its CEO Miyashita Yoko unloaded Company’s shares for reported $4680.0 on Oct 26 ’23. In the deal valued at $6.97 per share,671 shares were sold. As a result of this transaction, Miyashita Yoko now holds 28,680 shares worth roughly $91202.40000000001.

Then, Krishnaswamy Suresh sold 489 shares, generating $3,410 in total proceeds. Upon selling the shares at $6.97, the CFO now owns 19,963 shares.

Before that, Miyashita Yoko sold 9,361 shares. Leafly Holdings Inc shares valued at $2,956 were divested by the Chief Executive Officer at a price of $0.32 per share. As a result of the transaction, Miyashita Yoko now holds 577,582 shares, worth roughly $1.84 million.

Cowen initiated its Leafly Holdings Inc [LFLY] rating to an Outperform in a research note published on May 20, 2022; the price target was $12. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in mid May with a ‘”a Perform”‘ rating.

Price Performance Review of LFLY

On Tuesday, Leafly Holdings Inc [NASDAQ:LFLY] saw its stock jump 51.43% to $3.18. Over the last five days, the stock has gained 49.30%. Leafly Holdings Inc shares have fallen nearly -33.89% since the year began. Nevertheless, the stocks have fallen -53.01% over the past one year. While a 52-week high of $16.00 was reached on 01/03/24, a 52-week low of $1.90 was recorded on 04/26/24. SMA at 50 days reached $2.78, while 200 days put it at $5.47. A total of 0.67 million shares were traded, compared to the trading of 37100.0 shares in the previous session.

Levels Of Support And Resistance For LFLY Stock

The 24-hour chart illustrates a support level at 2.40, which if violated will result in even more drops to 1.63. On the upside, there is a resistance level at 3.65. A further resistance level may holdings at 4.13. The Relative Strength Index (RSI) on the 14-day chart is 60.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 11.72%. Stochastics %K at 38.47% indicates the stock is a holding.

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