KD Logo

Insider Selling: Luther Sherri R, Lattice Semiconductor Corp. [LSCC] SVP, CFO divested 23,006 shares

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. Lattice Semiconductor Corp. shares valued at $1,720,342 were sold by Luther Sherri R on Feb 27 ’24. At $74.78 per share, Luther Sherri R sold 23,006 shares. The insider’s holdings dropped to 124,116 shares worth approximately $8.34 million following the completion of this transaction.

Also, O’Rourke Glenn sold 8,594 shares, netting a total of over 645,637 in proceeds. Following the sale of shares at $75.13 each, the insider now holds 0 shares.

Before that, Feanny Tracy Ann had sold 6,318 shares from its account. In a trade valued at $474,725, the SVP, General Counsel traded Lattice Semiconductor Corp. shares for $75.14 each. Upon closing the transaction, the insider’s holdings decreased to 6,318 shares, worth approximately $0.8 million.

As published in their initiating research note from Deutsche Bank on November 30, 2023, Lattice Semiconductor Corp. [LSCC] has been a Buy and the price target has been revised to $70. Analysts at Needham started covering the stock with ‘”a Buy”‘ outlook in a report released in late October. As of September 29, 2023, BofA Securities has initiated its “Neutral” rating for LSCC. Earlier on May 24, 2023, Raymond James initiated its rating. Their recommendation was “a Mkt perform” for LSCC stock.

Analyzing LSCC Stock Performance

During the last five days, there has been a drop of approximately -6.13%. Over the course of the year, Lattice Semiconductor Corp. shares have dropped approximately -2.61%. Shares of the company reached a 52-week high of $85.69 on 03/07/24 and a 52-week low of $59.35 on 01/31/24. A 50-day SMA is recorded $75.48, while a 200-day SMA reached $74.88. Nevertheless, trading volume fell to 3.45 million shares from 3.24 million shares the previous day.

Support And Resistance Levels for Lattice Semiconductor Corp. (LSCC)

According to the 24-hour chart, there is a support level at 65.63, which, if violated, would cause prices to drop to 64.07. In the upper region, resistance lies at 69.52. The next price resistance is at 71.86. RSI (Relative Strength Index) is 39.90 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.24, which suggests the price will decrease in the coming days. Percent R is at 86.59%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Most Popular

[the_ad id="945"]