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Laureate Education Inc (LAUR) gets rating Initiated from Jefferies

Laureate Education Inc’s filing revealed that its Director Snow Ian Kendell unloaded Company’s shares for reported $30.96 million on May 06 ’24. In the deal valued at $14.64 per share,2,114,928 shares were sold. As a result of this transaction, Snow Ian Kendell now holds 0 shares worth roughly $0.0.

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Then, del Corro Pedro sold 24,343 shares, generating $307,209 in total proceeds. Upon selling the shares at $12.62, the Director now owns 0 shares.

Before that, del Corro Pedro sold 1,086 shares. Laureate Education Inc shares valued at $13,705 were divested by the Director at a price of $12.62 per share. As a result of the transaction, del Corro Pedro now holds 46,729 shares, worth roughly $0.75 million.

Jefferies initiated its Laureate Education Inc [LAUR] rating to a Buy in a research note published on October 06, 2023; the price target was $20. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in early August from “an Equal-weight” to “an Overweight”. Morgan Stanley also remained covering LAUR and has decreased its forecast on May 08, 2023 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Morgan Stanley revised its rating on June 24, 2020. It rated LAUR as “an Overweight” which previously was an “an Equal-weight”.

Price Performance Review of LAUR

On Monday, Laureate Education Inc [NASDAQ:LAUR] saw its stock jump 0.75% to $16.14. Over the last five days, the stock has gained 4.20%. Laureate Education Inc shares have risen nearly 17.72% since the year began. Nevertheless, the stocks have risen 41.87% over the past one year. While a 52-week high of $16.45 was reached on 05/10/24, a 52-week low of $10.76 was recorded on 01/11/24. SMA at 50 days reached $14.41, while 200 days put it at $13.77. A total of 0.91 million shares were traded, compared to the trading of 1.22 million shares in the previous session.

Levels Of Support And Resistance For LAUR Stock

The 24-hour chart illustrates a support level at 15.98, which if violated will result in even more drops to 15.82. On the upside, there is a resistance level at 16.26. A further resistance level may holdings at 16.37. The Relative Strength Index (RSI) on the 14-day chart is 68.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.95, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 9.72%. Stochastics %K at 91.73% indicates the stock is a selling.

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