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Lattice Semiconductor Corp. [LSCC] Records 200-Day SMA of $73.94

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. Lattice Semiconductor Corp. shares valued at $44,980 were sold by Schwarting Elizabeth M on May 10 ’24. At $69.20 per share, Schwarting Elizabeth M sold 650 shares. The insider’s holdings dropped to 1,920 shares worth approximately $0.14 million following the completion of this transaction.

Also, Luther Sherri R sold 23,006 shares, netting a total of over 1,720,342 in proceeds. Following the sale of shares at $74.78 each, the insider now holds 124,116 shares.

Before that, O’Rourke Glenn had sold 8,594 shares from its account. In a trade valued at $645,637, the SVP, Mfg Ops traded Lattice Semiconductor Corp. shares for $75.13 each. Upon closing the transaction, the insider’s holdings decreased to 8,594 shares, worth approximately $0.0.

As published in their initiating research note from Deutsche Bank on November 30, 2023, Lattice Semiconductor Corp. [LSCC] has been a Buy and the price target has been revised to $70. Analysts at Needham started covering the stock with ‘”a Buy”‘ outlook in a report released in late October. As of September 29, 2023, BofA Securities has initiated its “Neutral” rating for LSCC. Earlier on May 24, 2023, Raymond James initiated its rating. Their recommendation was “a Mkt perform” for LSCC stock.

Analyzing LSCC Stock Performance

During the last five days, there has been a surge of approximately 4.30%. Over the course of the year, Lattice Semiconductor Corp. shares have jumped approximately 4.86%. Shares of the company reached a 52-week high of $85.69 on 03/07/24 and a 52-week low of $59.35 on 01/31/24. A 50-day SMA is recorded $74.51, while a 200-day SMA reached $73.94. Nevertheless, trading volume fell to 1.98 million shares from 1.71 million shares the previous day.

Support And Resistance Levels for Lattice Semiconductor Corp. (LSCC)

According to the 24-hour chart, there is a support level at 70.92, which, if violated, would cause prices to drop to 69.50. In the upper region, resistance lies at 73.39. The next price resistance is at 74.44. RSI (Relative Strength Index) is 51.32 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.54, which suggests the price will decrease in the coming days. Percent R is at 52.29%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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