Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Landsea Homes Corporation shares valued at $348,000 were purchased by Tian Ming on Mar 08 ’24. At $11.60 per share, Tian Ming acquired 30,000 shares. The insider’s holdings grew to 30,000 shares worth approximately $0.3 million following the completion of this transaction.
Also, Ho John purchased 17,241 shares, netting a total of over 199,996 in proceeds. Following the buying of shares at $11.60 each, the insider now holds 459,845 shares.
Before that, Forsum Michael had added 17,241 shares to its account. In a trade valued at $199,996, the President and COO bought Landsea Homes Corporation shares for $11.60 each. Upon closing the transaction, the insider’s holdings increased to 17,241 shares, worth approximately $4.53 million.
As published in their initiating research note from Wedbush on June 23, 2023, Landsea Homes Corporation [LSEA] has been a Neutral and the price target has been revised to $16. Analysts at BTIG Research started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid September. As of February 05, 2021, Barclays has initiated its “an Equal weight” rating for LSEA.
Analyzing LSEA Stock Performance
During the last five days, there has been a drop of approximately -10.49%. Over the course of the year, Landsea Homes Corporation shares have dropped approximately -22.75%. Nevertheless, trading volume fell to 1.06 million shares from 0.2 million shares the previous day.
Support And Resistance Levels for Landsea Homes Corporation (LSEA)
According to the 24-hour chart, there is a support level at 9.39, which, if violated, would cause prices to drop to 8.63. In the upper region, resistance lies at 11.16. The next price resistance is at 12.17. RSI (Relative Strength Index) is 31.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.17, which suggests the price will decrease in the coming days. Percent R is at 78.75%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
