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. Liquidia Corp shares valued at $22,558 were sold by Saggar Rajeev on Apr 19 ’24. At $13.68 per share, Saggar Rajeev sold 1,649 shares. The insider’s holdings dropped to 211,672 shares worth approximately $2.79 million following the completion of this transaction.
Also, JEFFS ROGER sold 8,360 shares, netting a total of over 121,889 in proceeds. Following the sale of shares at $14.58 each, the insider now holds 826,985 shares.
Before that, Kaseta Michael had sold 3,136 shares from its account. In a trade valued at $45,723, the CFO and COO traded Liquidia Corp shares for $14.58 each. Upon closing the transaction, the insider’s holdings decreased to 3,136 shares, worth approximately $4.15 million.
As published in a research note from Needham on January 05, 2024, Liquidia Corp [LQDA] has been retained to a Buy and the price target has been revised to $28. As of September 01, 2022, Wedbush has decreased its “Neutral” rating to a “an Underperform” for LQDA. Earlier on July 22, 2022, Ladenburg Thalmann initiated its rating. Their recommendation was “a Buy” for LQDA stock.
Analyzing LQDA Stock Performance
During the last five days, there has been a surge of approximately 4.94%. Over the course of the year, Liquidia Corp shares have jumped approximately 9.48%. Shares of the company reached a 52-week high of $16.99 on 03/22/24 and a 52-week low of $11.11 on 01/25/24. A 50-day SMA is recorded $14.41, while a 200-day SMA reached $9.99. Nevertheless, trading volume fell to 1.0 million shares from 0.43 million shares the previous day.
Support And Resistance Levels for Liquidia Corp (LQDA)
According to the 24-hour chart, there is a support level at 12.87, which, if violated, would cause prices to drop to 12.58. In the upper region, resistance lies at 13.44. The next price resistance is at 13.72. RSI (Relative Strength Index) is 42.88 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.33, which suggests the price will decrease in the coming days. Percent R is at 61.30%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
