Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Landstar System, Inc. shares valued at $2,325,292 were sold by Kneller Michael K on Feb 05 ’24. At $190.30 per share, Kneller Michael K sold 12,219 shares. The insider’s holdings dropped to 61,127 shares worth approximately $10.53 million following the completion of this transaction.
Also, CORO RICARDO S sold 5,000 shares, netting a total of over 952,790 in proceeds. Following the sale of shares at $190.56 each, the insider now holds 20,424 shares.
Before that, Beacom Joseph J had sold 10,000 shares from its account. In a trade valued at $2,022,272, the VP, CSO, COO traded Landstar System, Inc. shares for $202.23 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $3.45 million.
As published in a research note from Wolfe Research on January 10, 2024, Landstar System, Inc. [LSTR] has been rated up from a Peer perform to an Outperform and the price target has been revised to $205. Analysts at JP Morgan started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid December. As of August 17, 2023, UBS has initiated its “Neutral” rating for LSTR. Earlier on February 06, 2023, Raymond James upgraded its rating. Their new recommendation was “an Outperform” for LSTR stock which previously was a “a Mkt perform”.
Analyzing LSTR Stock Performance
During the last five days, there has been a surge of approximately 0.72%. Over the course of the year, Landstar System, Inc. shares have dropped approximately -10.08%. Shares of the company reached a 52-week high of $200.43 on 01/24/24 and a 52-week low of $165.39 on 04/17/24. A 50-day SMA is recorded $183.24, while a 200-day SMA reached $185.01. Nevertheless, trading volume fell to 0.33 million shares from 0.32 million shares the previous day.
Support And Resistance Levels for Landstar System, Inc. (LSTR)
According to the 24-hour chart, there is a support level at 171.43, which, if violated, would cause prices to drop to 170.52. In the upper region, resistance lies at 174.07. The next price resistance is at 175.80. RSI (Relative Strength Index) is 39.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.19, which suggests the price will increase in the coming days. Percent R is at 53.36%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
