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Barrington Research reiterates Grand Canyon Education Inc (LOPE) stock to an Outperform

Grand Canyon Education Inc’s filing revealed that its CHIEF TECHNOLOGY OFFICER Marsh Dilek unloaded Company’s shares for reported $0.2 million on Mar 18 ’24. In the deal valued at $132.65 per share,1,500 shares were sold. As a result of this transaction, Marsh Dilek now holds 25,674 shares worth roughly $3.59 million.

Then, HENRY JACK A sold 1,450 shares, generating $199,984 in total proceeds. Upon selling the shares at $137.92, the Director now owns 14,782 shares.

Before that, Keegan Lisa Graham sold 540 shares. Grand Canyon Education Inc shares valued at $59,044 were divested by the Director at a price of $109.34 per share. As a result of the transaction, Keegan Lisa Graham now holds 2,905 shares, worth roughly $0.41 million.

Barrington Research reiterated its Grand Canyon Education Inc [LOPE] rating to an Outperform in a research note published on May 03, 2023; the price target was $140. A number of analysts have revised their coverage, including Berenberg’s analysts, who decreased its forecast for the stock in late January from “a Buy” to “a Hold”. Berenberg began covering LOPE with “Buy” recommendation on October 20, 2020. Sidoti revised its rating on September 11, 2020. It rated LOPE as “a Buy” which previously was an “a Neutral”.

Price Performance Review of LOPE

On Tuesday, Grand Canyon Education Inc [NASDAQ:LOPE] saw its stock jump 1.06% to $139.78. Over the last five days, the stock has gained 7.51%. Grand Canyon Education Inc shares have risen nearly 5.86% since the year began. Nevertheless, the stocks have risen 24.70% over the past one year. While a 52-week high of $144.94 was reached on 05/07/24, a 52-week low of $99.65 was recorded on 02/14/24. SMA at 50 days reached $132.96, while 200 days put it at $126.18. A total of 0.31 million shares were traded, compared to the trading of 0.16 million shares in the previous session.

Levels Of Support And Resistance For LOPE Stock

The 24-hour chart illustrates a support level at 138.05, which if violated will result in even more drops to 136.32. On the upside, there is a resistance level at 141.11. A further resistance level may holdings at 142.43. The Relative Strength Index (RSI) on the 14-day chart is 69.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.06, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.36%. Stochastics %K at 94.20% indicates the stock is a selling.

The most recent change occurred on June 11, 2020 when Sidoti began covering the stock and recommended ‘”a Neutral”‘ rating.

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