Littelfuse, Inc.’s filing revealed that its SVP & GM Electronics Business Nayar Deepak unloaded Company’s shares for reported $0.33 million on May 06 ’24. In the deal valued at $250.25 per share,1,305 shares were sold. As a result of this transaction, Nayar Deepak now holds 4,630 shares worth roughly $1.19 million.
Then, Cole Matthew sold 625 shares, generating $147,727 in total proceeds. Upon selling the shares at $236.36, the SVP eMobility & Corp Strategy now owns 4,905 shares.
Before that, Chu Maggie sold 1,522 shares. Littelfuse, Inc. shares valued at $366,406 were divested by the SVP, CHRO at a price of $240.74 per share. As a result of the transaction, Chu Maggie now holds 3,086 shares, worth roughly $0.79 million.
Jefferies initiated its Littelfuse, Inc. [LFUS] rating to a Hold in a research note published on April 09, 2024; the price target was $260. A number of analysts have revised their coverage, including Cowen’s analysts, who decreased its forecast for the stock in early November from “an Outperform” to “a Market perform”. The Benchmark Company began covering LFUS with “Hold” recommendation on September 22, 2022. Robert W. Baird revised its rating on July 06, 2022. It rated LFUS as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of LFUS
On Tuesday, Littelfuse, Inc. [NASDAQ:LFUS] saw its stock jump 1.92% to $257.49. Over the last five days, the stock has gained 11.64%. Littelfuse, Inc. shares have fallen nearly -3.76% since the year began. Nevertheless, the stocks have fallen -2.14% over the past one year. While a 52-week high of $309.94 was reached on 01/02/24, a 52-week low of $212.80 was recorded on 05/01/24. SMA at 50 days reached $235.45, while 200 days put it at $244.99. A total of 0.23 million shares were traded, compared to the trading of 0.23 million shares in the previous session.
Levels Of Support And Resistance For LFUS Stock
The 24-hour chart illustrates a support level at 254.55, which if violated will result in even more drops to 251.60. On the upside, there is a resistance level at 259.25. A further resistance level may holdings at 261.00. The Relative Strength Index (RSI) on the 14-day chart is 70.96, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 16.46, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.62%. Stochastics %K at 99.10% indicates the stock is a selling.
The most recent change occurred on December 08, 2021 when Cowen resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $330.
