The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Liberty Latin America Ltd shares valued at $747,135 were purchased by MALONE JOHN C on Mar 28 ’24. At $6.99 per share, MALONE JOHN C acquired 106,900 shares. The insider’s holdings grew to 8,827,614 shares worth approximately $75.92 million following the completion of this transaction.
Also, MALONE JOHN C purchased 17,756 shares, netting a total of over 123,669 in proceeds. Following the buying of shares at $6.96 each, the insider now holds 8,720,714 shares.
Before that, MALONE JOHN C had added 342,703 shares to its account. In a trade valued at $2,385,898, the 10% Owner bought Liberty Latin America Ltd shares for $6.96 each. Upon closing the transaction, the insider’s holdings increased to 342,703 shares, worth approximately $74.85 million.
As published in a research note from Scotiabank on May 18, 2023, Liberty Latin America Ltd [LILAK] has been rated down from a Sector outperform to a Sector perform and the price target has been revised to $2.50. Analysts at Goldman upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early October. As of September 28, 2020, Scotiabank has increased its “Sector underperform” rating to a “Sector perform” for LILAK. Earlier on April 03, 2018, Goldman initiated its rating. Their recommendation was “a Neutral” for LILAK stock.
Analyzing LILAK Stock Performance
During the last five days, there has been a surge of approximately 11.25%. Over the course of the year, Liberty Latin America Ltd shares have jumped approximately 17.17%. Shares of the company reached a 52-week high of $8.68 on 05/08/24 and a 52-week low of $5.95 on 02/23/24. A 50-day SMA is recorded $7.09, while a 200-day SMA reached $7.41. Nevertheless, trading volume fell to 2.2 million shares from 0.5 million shares the previous day.
Support And Resistance Levels for Liberty Latin America Ltd (LILAK)
According to the 24-hour chart, there is a support level at 8.10, which, if violated, would cause prices to drop to 7.60. In the upper region, resistance lies at 8.89. The next price resistance is at 9.18. RSI (Relative Strength Index) is 77.84 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.56, which suggests the price will decrease in the coming days. Percent R is at 5.26%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
