Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. LKQ Corp shares valued at $10,394,860 were sold by Zarcone Dominick P on Mar 01 ’24. At $51.97 per share, Zarcone Dominick P sold 200,000 shares. The insider’s holdings dropped to 386,522 shares worth approximately $16.67 million following the completion of this transaction.
Also, MCGARVIE BLYTHE J sold 5,564 shares, netting a total of over 260,525 in proceeds. Following the sale of shares at $46.82 each, the insider now holds 23,880 shares.
Before that, Laroyia Varun had sold 35,000 shares from its account. In a trade valued at $1,609,598, the EVP and CEO of LKQ Europe traded LKQ Corp shares for $45.99 each. Upon closing the transaction, the insider’s holdings decreased to 35,000 shares, worth approximately $6.63 million.
As published in their initiating research note from MKM Partners on July 13, 2022, LKQ Corp [LKQ] has been a Buy and the price target has been revised to $68. Analysts at Barrington Research upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in late April. As of February 17, 2022, Barrington Research has decreased its “an Outperform” rating to a “Mkt perform” for LKQ. Earlier on August 02, 2021, Raymond James upgraded its rating. Their new recommendation was “an Outperform” for LKQ stock which previously was a “a Mkt perform”.
Analyzing LKQ Stock Performance
During the last five days, there has been a drop of approximately -0.35%. Over the course of the year, LKQ Corp shares have dropped approximately -9.75%. Shares of the company reached a 52-week high of $53.68 on 03/28/24 and a 52-week low of $41.30 on 04/24/24. A 50-day SMA is recorded $50.25, while a 200-day SMA reached $49.32. Nevertheless, trading volume fell to 2.42 million shares from 2.77 million shares the previous day.
Support And Resistance Levels for LKQ Corp (LKQ)
According to the 24-hour chart, there is a support level at 42.63, which, if violated, would cause prices to drop to 42.12. In the upper region, resistance lies at 43.85. The next price resistance is at 44.56. RSI (Relative Strength Index) is 29.44 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.57, which suggests the price will decrease in the coming days. Percent R is at 79.28%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
