In a filing, LSB Industries, Inc. revealed its EVP – Manufacturing Burns John unloaded Company’s shares for reported $0.31 million on Apr 30 ’24. In the deal valued at $9.25 per share,33,243 shares were sold. As a result of this transaction, Burns John now holds 131,286 shares worth roughly $1.14 million.
Then, Burns John sold 33,243 shares, generating $274,255 in total proceeds. Upon selling the shares at $8.25, the EVP – Manufacturing now owns 164,529 shares.
Piper Sandler downgraded its LSB Industries, Inc. [LXU] rating to an Underweight from a a Neutral in a research note published on February 29, 2024; the price target was decreased to $8 from $11.50. A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in late January from “a Buy” to “a Neutral”. Piper Sandler also remained covering LXU and has decreased its forecast on May 11, 2023 with a “Neutral” recommendation from previously “an Overweight” rating. Jefferies revised its rating on April 13, 2023. It rated LXU as “a Hold” which previously was an “a Buy”.
Price Performance Review of LXU
On Tuesday, LSB Industries, Inc. [NYSE:LXU] saw its stock jump 0.12% to $8.67. Over the last five days, the stock has lost -6.77%. LSB Industries, Inc. shares have fallen nearly -6.87% since the year began. Nevertheless, the stocks have fallen -1.70% over the past one year. While a 52-week high of $11.69 was reached on 04/30/24, a 52-week low of $6.74 was recorded on 03/06/24. SMA at 50 days reached $8.05, while 200 days put it at $8.96. A total of 0.27 million shares were traded, compared to the trading of 0.4 million shares in the previous session.
Levels Of Support And Resistance For LXU Stock
The 24-hour chart illustrates a support level at 8.59, which if violated will result in even more drops to 8.51. On the upside, there is a resistance level at 8.83. A further resistance level may holdings at 8.99. The Relative Strength Index (RSI) on the 14-day chart is 57.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.36%. Stochastics %K at 39.50% indicates the stock is a holding.
The most recent change occurred on March 14, 2023 when Deutsche Bank began covering the stock and recommended ‘”a Buy”‘ rating along with a $16 price target.
