LuxUrban Hotels Inc’s recently made public that its Chairman & Co-CEO Ferdinand Brian acquired Company’s shares for reported $0.11 million on Dec 13 ’23. In the deal valued at $4.56 per share,25,000 shares were bought. As a result of this transaction, Ferdinand Brian now holds 225,825 shares worth roughly $0.17 million.
Then, Ferdinand Brian sold 14,219 shares, generating $63,275 in total proceeds. Upon selling the shares at $4.45, the Chairman & Co-CEO now owns 15,347,917 shares.
Before that, Ferdinand Brian sold 62,000 shares. LuxUrban Hotels Inc shares valued at $276,520 were divested by the Chairman & Co-CEO at a price of $4.46 per share. As a result of the transaction, Ferdinand Brian now holds 15,362,136 shares, worth roughly $11.83 million.
Northland Capital downgraded its LuxUrban Hotels Inc [LUXH] rating to a Market perform from a an Outperform in a research note published recently.
Price Performance Review of LUXH
On Tuesday, LuxUrban Hotels Inc [NASDAQ:LUXH] saw its stock fall -6.90% to $0.77. Over the last five days, the stock has lost -11.45%. LuxUrban Hotels Inc shares have fallen nearly -87.10% since the year began. Nevertheless, the stocks have fallen -73.26% over the past one year. While a 52-week high of $6.88 was reached on 01/08/24, a 52-week low of $0.73 was recorded on 05/07/24. SMA at 50 days reached $1.5947, while 200 days put it at $3.4552. A total of 0.65 million shares were traded, compared to the trading of 70800.0 shares in the previous session.
Levels Of Support And Resistance For LUXH Stock
The 24-hour chart illustrates a support level at 0.7067, which if violated will result in even more drops to 0.6433. On the upside, there is a resistance level at 0.8317. A further resistance level may holdings at 0.8933. The Relative Strength Index (RSI) on the 14-day chart is 31.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0886, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.02%. Stochastics %K at 14.20% indicates the stock is a buying.
