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LifeStance Health Group Inc (LFST) may enjoy gains as insiders got busy in the recent days

LifeStance Health Group Inc’s recently made public that its insider Cipollone Paula unloaded Company’s shares for reported $0.35 million on May 13 ’24. In the deal valued at $7.22 per share,48,278 shares were sold. As a result of this transaction, Cipollone Paula now holds 239,915 shares worth roughly $1.77 million.

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Then, Cipollone Paula sold 2,000 shares, generating $14,000 in total proceeds. Upon selling the shares at $7.00, the insider now owns 288,193 shares.

Before that, Qureshi Danish J. sold 12,965 shares. LifeStance Health Group Inc shares valued at $76,882 were divested by the insider at a price of $5.93 per share. As a result of the transaction, Qureshi Danish J. now holds 4,911,050 shares, worth roughly $36.29 million.

Barclays initiated its LifeStance Health Group Inc [LFST] rating to an Underweight in a research note published on January 03, 2024; the price target was $7. A number of analysts have revised their coverage, including TD Cowen’s analysts, who decreased its forecast for the stock in mid May from “an Outperform” to “a Market perform”. Morgan Stanley also remained covering LFST and has increased its forecast on January 06, 2023 with a “an Overweight” recommendation from previously “an Equal-weight” rating.

Price Performance Review of LFST

On Tuesday, LifeStance Health Group Inc [NASDAQ:LFST] saw its stock jump 3.07% to $7.39. Over the last five days, the stock has gained 5.87%. LifeStance Health Group Inc shares have fallen nearly -5.62% since the year began. Nevertheless, the stocks have fallen -13.47% over the past one year. While a 52-week high of $9.59 was reached on 02/28/24, a 52-week low of $4.74 was recorded on 02/01/24. SMA at 50 days reached $6.39, while 200 days put it at $6.79. A total of 1.0 million shares were traded, compared to the trading of 1.96 million shares in the previous session.

Levels Of Support And Resistance For LFST Stock

The 24-hour chart illustrates a support level at 7.22, which if violated will result in even more drops to 7.04. On the upside, there is a resistance level at 7.50. A further resistance level may holdings at 7.61. The Relative Strength Index (RSI) on the 14-day chart is 71.99, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 8.61%. Stochastics %K at 78.61% indicates the stock is a holding.

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