Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Lyft Inc shares valued at $61,253 were sold by Sverchek Kristin on May 03 ’24. At $17.50 per share, Sverchek Kristin sold 3,500 shares. The insider’s holdings dropped to 60,778 shares worth approximately $1.05 million following the completion of this transaction.
Also, Sverchek Kristin sold 6,500 shares, netting a total of over 100,996 in proceeds. Following the sale of shares at $15.54 each, the insider now holds 64,278 shares.
Before that, Sverchek Kristin had sold 10,200 shares from its account. In a trade valued at $196,661, the PRESIDENT traded Lyft Inc shares for $19.28 each. Upon closing the transaction, the insider’s holdings decreased to 10,200 shares, worth approximately $1.22 million.
As published in a research note from Argus on March 05, 2024, Lyft Inc [LYFT] has been rated up from a Hold to a Buy. Analysts at RBC Capital Mkts upgraded the stock from ‘”a Sector perform”‘ to ‘”an Outperform”‘ outlook in a report released in early March. As of February 14, 2024, MoffettNathanson has increased its “Sell” rating to a “Neutral” for LYFT. Earlier on January 11, 2024, Goldman downgraded its rating. Their new recommendation was “a Neutral” for LYFT stock which previously was a “a Buy”.
Analyzing LYFT Stock Performance
During the last five days, there has been a surge of approximately 2.38%. Over the course of the year, Lyft Inc shares have jumped approximately 15.01%. Shares of the company reached a 52-week high of $20.82 on 03/21/24 and a 52-week low of $11.69 on 02/13/24. A 50-day SMA is recorded $17.75, while a 200-day SMA reached $13.48. Nevertheless, trading volume fell to 12.88 million shares from 27.08 million shares the previous day.
Support And Resistance Levels for Lyft Inc (LYFT)
According to the 24-hour chart, there is a support level at 16.94, which, if violated, would cause prices to drop to 16.63. In the upper region, resistance lies at 17.72. The next price resistance is at 18.19. RSI (Relative Strength Index) is 50.52 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.53, which suggests the price will decrease in the coming days. Percent R is at 39.73%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
