Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Lovesac Company shares valued at $99,864 were purchased by Siegner Keith R. on Apr 19 ’24. At $20.80 per share, Siegner Keith R. acquired 4,800 shares. The insider’s holdings grew to 4,800 shares worth approximately $0.11 million following the completion of this transaction.
Also, HEYER ANDREW R purchased 8,144 shares, netting a total of over 164,755 in proceeds. Following the buying of shares at $20.23 each, the insider now holds 37,282 shares.
Before that, HEYER ANDREW R had added 6,226 shares to its account. In a trade valued at $125,952, the Director bought Lovesac Company shares for $20.23 each. Upon closing the transaction, the insider’s holdings increased to 6,226 shares, worth approximately $5.32 million.
As published in their initiating research note from Maxim Group on April 17, 2024, Lovesac Company [LOVE] has been a Buy and the price target has been revised to $36. Analysts at ROTH MKM resumed the stock at ‘”a Buy”‘ outlook in a report released in late March. As of September 11, 2020, Oppenheimer has reiterated its “an Outperform” rating for LOVE. Earlier on June 10, 2020, BTIG Research resumed its rating. Their recommendation was “a Buy” for LOVE stock.
Analyzing LOVE Stock Performance
During the last five days, there has been a drop of approximately -1.78%. Over the course of the year, Lovesac Company shares have dropped approximately -13.78%. Shares of the company reached a 52-week high of $27.07 on 01/02/24 and a 52-week low of $18.21 on 04/16/24. A 50-day SMA is recorded $22.13, while a 200-day SMA reached $22.33. Nevertheless, trading volume fell to 0.43 million shares from 0.26 million shares the previous day.
Support And Resistance Levels for Lovesac Company (LOVE)
According to the 24-hour chart, there is a support level at 21.11, which, if violated, would cause prices to drop to 20.19. In the upper region, resistance lies at 22.81. The next price resistance is at 23.59. RSI (Relative Strength Index) is 51.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.03, which suggests the price will increase in the coming days. Percent R is at 15.77%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
