Li-Cycle Holdings Corp’s filing revealed that its Director Wellings Mark unloaded Company’s shares for reported $10355.0 on May 01 ’24. In the deal valued at $0.66 per share,15,612 shares were sold. As a result of this transaction, Wellings Mark now holds 169,158 shares worth roughly $0.1 million.
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Then, Simpson Debbie sold 81,845 shares, generating $33,777 in total proceeds. Upon selling the shares at $0.41, the Chief Financial Officer now owns 357,447 shares.
Before that, Johnston Timothy sold 10,929 shares. Li-Cycle Holdings Corp shares valued at $4,510 were divested by the Executive Chairman & Director at a price of $0.41 per share. As a result of the transaction, Johnston Timothy now holds 555,256 shares, worth roughly $0.34 million.
UBS downgraded its Li-Cycle Holdings Corp [LICY] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Chardan Capital Markets’s analysts, who decreased its forecast for the stock in mid November from “a Buy” to “a Neutral”. TD Cowen also remained covering LICY and has decreased its forecast on October 23, 2023 with a “Market perform” recommendation from previously “an Outperform” rating. Cantor Fitzgerald started covering the stock on May 04, 2023. It rated LICY as “a Buy”.
Price Performance Review of LICY
On Tuesday, Li-Cycle Holdings Corp [NYSE:LICY] saw its stock jump 1.12% to $0.61. Over the last five days, the stock has gained 0.33%. Li-Cycle Holdings Corp shares have risen nearly 3.88% since the year began. Nevertheless, the stocks have fallen -86.62% over the past one year. While a 52-week high of $6.16 was reached on 03/19/24, a 52-week low of $0.35 was recorded on 01/19/24. SMA at 50 days reached $0.8288, while 200 days put it at $1.6325. A total of 2.65 million shares were traded, compared to the trading of 1.46 million shares in the previous session.
Levels Of Support And Resistance For LICY Stock
The 24-hour chart illustrates a support level at 0.5817, which if violated will result in even more drops to 0.5559. On the upside, there is a resistance level at 0.6366. A further resistance level may holdings at 0.6657. The Relative Strength Index (RSI) on the 14-day chart is 40.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0425, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.80%. Stochastics %K at 24.87% indicates the stock is a holding.
