In a filing, Louisiana-Pacific Corp. revealed its Director Gottung Lizanne C unloaded Company’s shares for reported $0.19 million on Mar 15 ’24. In the deal valued at $77.58 per share,2,500 shares were sold. As a result of this transaction, Gottung Lizanne C now holds 25,995 shares worth roughly $1.93 million.
Then, Blosser Michael W sold 4,060 shares, generating $272,020 in total proceeds. Upon selling the shares at $67.00, the SVP, Manufacturing Services now owns 49,858 shares.
Before that, Gottung Lizanne C sold 3,313 shares. Louisiana-Pacific Corp. shares valued at $221,971 were divested by the Director at a price of $67.00 per share. As a result of the transaction, Gottung Lizanne C now holds 28,495 shares, worth roughly $2.12 million.
Loop Capital initiated its Louisiana-Pacific Corp. [LPX] rating to a Hold in a research note published on May 03, 2024; the price target was $82. A number of analysts have revised their coverage, including TD Securities’s analysts, who decreased its forecast for the stock in mid January from “a Buy” to “a Hold”. TD Securities also remained covering LPX and has increased its forecast on September 20, 2023 with a “Buy” recommendation from previously “Hold” rating. DA Davidson revised its rating on August 23, 2023. It rated LPX as “a Buy” which previously was an “a Neutral”.
Price Performance Review of LPX
On Friday, Louisiana-Pacific Corp. [NYSE:LPX] saw its stock jump 0.61% to $74.30. Over the last five days, the stock has lost -0.36%. Louisiana-Pacific Corp. shares have risen nearly 4.90% since the year began. Nevertheless, the stocks have risen 19.90% over the past one year. While a 52-week high of $84.54 was reached on 03/25/24, a 52-week low of $49.47 was recorded on 02/05/24. SMA at 50 days reached $76.81, while 200 days put it at $66.39. A total of 0.7 million shares were traded, compared to the trading of 0.39 million shares in the previous session.
Levels Of Support And Resistance For LPX Stock
The 24-hour chart illustrates a support level at 73.51, which if violated will result in even more drops to 72.72. On the upside, there is a resistance level at 75.72. A further resistance level may holdings at 77.14. The Relative Strength Index (RSI) on the 14-day chart is 45.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.33%. Stochastics %K at 41.41% indicates the stock is a holding.
