Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Louisiana-Pacific Corp. shares valued at $193,955 were sold by Gottung Lizanne C on Mar 15 ’24. At $77.58 per share, Gottung Lizanne C sold 2,500 shares. The insider’s holdings dropped to 25,995 shares worth approximately $2.29 million following the completion of this transaction.
Also, Blosser Michael W sold 4,060 shares, netting a total of over 272,020 in proceeds. Following the sale of shares at $67.00 each, the insider now holds 49,858 shares.
Before that, Gottung Lizanne C had sold 3,313 shares from its account. In a trade valued at $221,971, the Director traded Louisiana-Pacific Corp. shares for $67.00 each. Upon closing the transaction, the insider’s holdings decreased to 3,313 shares, worth approximately $2.51 million.
As published in their initiating research note from Loop Capital on May 03, 2024, Louisiana-Pacific Corp. [LPX] has been a Hold and the price target has been revised to $82. Analysts at TD Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid January. As of September 20, 2023, TD Securities has increased its “Hold” rating to a “Buy” for LPX. Earlier on August 23, 2023, DA Davidson upgraded its rating. Their new recommendation was “a Buy” for LPX stock which previously was a “a Neutral”.
Analyzing LPX Stock Performance
During the last five days, there has been a surge of approximately 20.96%. Over the course of the year, Louisiana-Pacific Corp. shares have jumped approximately 24.44%. Shares of the company reached a 52-week high of $88.16 on 05/08/24 and a 52-week low of $63.76 on 02/05/24. A 50-day SMA is recorded $77.21, while a 200-day SMA reached $66.43. Nevertheless, trading volume fell to 3.97 million shares from 1.7 million shares the previous day.
Support And Resistance Levels for Louisiana-Pacific Corp. (LPX)
According to the 24-hour chart, there is a support level at 83.25, which, if violated, would cause prices to drop to 78.37. In the upper region, resistance lies at 90.59. The next price resistance is at 93.05. RSI (Relative Strength Index) is 75.44 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.48, which suggests the price will increase in the coming days. Percent R is at 0.12%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
