Lyft Inc’s filing revealed that its PRESIDENT Sverchek Kristin unloaded Company’s shares for reported $61253.0 on May 03 ’24. In the deal valued at $17.50 per share,3,500 shares were sold. As a result of this transaction, Sverchek Kristin now holds 60,778 shares worth roughly $1.06 million.
Then, Sverchek Kristin sold 6,500 shares, generating $100,996 in total proceeds. Upon selling the shares at $15.54, the PRESIDENT now owns 64,278 shares.
Before that, Sverchek Kristin sold 10,200 shares. Lyft Inc shares valued at $196,661 were divested by the PRESIDENT at a price of $19.28 per share. As a result of the transaction, Sverchek Kristin now holds 70,778 shares, worth roughly $1.24 million.
Argus upgraded its Lyft Inc [LYFT] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who increased its forecast for the stock in early March from “a Sector perform” to “an Outperform”. MoffettNathanson also remained covering LYFT and has increased its forecast on February 14, 2024 with a “Neutral” recommendation from previously “Sell” rating. Goldman revised its rating on January 11, 2024. It rated LYFT as “a Neutral” which previously was an “a Buy”.
Price Performance Review of LYFT
On Monday, Lyft Inc [NASDAQ:LYFT] saw its stock jump 1.86% to $17.52. Over the last five days, the stock has gained 7.48%. Lyft Inc shares have risen nearly 16.88% since the year began. Nevertheless, the stocks have risen 63.89% over the past one year. While a 52-week high of $20.82 was reached on 03/21/24, a 52-week low of $7.85 was recorded on 02/13/24. SMA at 50 days reached $17.68, while 200 days put it at $13.40. A total of 12.88 million shares were traded, compared to the trading of 13.03 million shares in the previous session.
Levels Of Support And Resistance For LYFT Stock
The 24-hour chart illustrates a support level at 17.22, which if violated will result in even more drops to 16.93. On the upside, there is a resistance level at 17.73. A further resistance level may holdings at 17.95. The Relative Strength Index (RSI) on the 14-day chart is 52.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.62, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.61%. Stochastics %K at 50.07% indicates the stock is a holding.
The most recent change occurred on January 09, 2024 when BMO Capital Markets began covering the stock and recommended ‘”a Market perform”‘ rating along with a $15 price target.
