Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Littelfuse, Inc. shares valued at $147,727 were sold by Cole Matthew on Mar 05 ’24. At $236.36 per share, Cole Matthew sold 625 shares. The insider’s holdings dropped to 4,905 shares worth approximately $1.14 million following the completion of this transaction.
Also, Chu Maggie sold 1,522 shares, netting a total of over 366,406 in proceeds. Following the sale of shares at $240.74 each, the insider now holds 3,086 shares.
Before that, Cole Matthew had sold 916 shares from its account. In a trade valued at $227,333, the SVP eMobility & Corp Strategy traded Littelfuse, Inc. shares for $248.18 each. Upon closing the transaction, the insider’s holdings decreased to 916 shares, worth approximately $1.29 million.
As published in their initiating research note from Jefferies on April 09, 2024, Littelfuse, Inc. [LFUS] has been a Hold and the price target has been revised to $260. Analysts at Cowen downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in early November. As of September 22, 2022, The Benchmark Company has initiated its “Hold” rating for LFUS. Earlier on July 06, 2022, Robert W. Baird downgraded its rating. Their new recommendation was “a Neutral” for LFUS stock which previously was a “an Outperform”.
Analyzing LFUS Stock Performance
During the last five days, there has been a drop of approximately -0.11%. Over the course of the year, Littelfuse, Inc. shares have dropped approximately -12.79%. Shares of the company reached a 52-week high of $265.46 on 01/02/24 and a 52-week low of $222.91 on 05/01/24. A 50-day SMA is recorded $234.84, while a 200-day SMA reached $246.06. Nevertheless, trading volume fell to 0.3 million shares from 0.2 million shares the previous day.
Support And Resistance Levels for Littelfuse, Inc. (LFUS)
According to the 24-hour chart, there is a support level at 224.33, which, if violated, would cause prices to drop to 215.31. In the upper region, resistance lies at 240.95. The next price resistance is at 248.56. RSI (Relative Strength Index) is 50.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.81, which suggests the price will increase in the coming days. Percent R is at 37.20%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
