Louisiana-Pacific Corp.’s recently made public that its SVP, Manufacturing Services Blosser Michael W unloaded Company’s shares for reported $0.34 million on May 15 ’24. In the deal valued at $91.54 per share,3,661 shares were sold. As a result of this transaction, Blosser Michael W now holds 54,898 shares worth roughly $4.98 million.
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Then, HORTON OZEY K JR sold 1,000 shares, generating $86,270 in total proceeds. Upon selling the shares at $86.27, the Director now owns 28,157 shares.
Before that, Gottung Lizanne C sold 2,500 shares. Louisiana-Pacific Corp. shares valued at $193,955 were divested by the Director at a price of $77.58 per share. As a result of the transaction, Gottung Lizanne C now holds 25,995 shares, worth roughly $2.36 million.
Seaport Research Partners downgraded its Louisiana-Pacific Corp. [LPX] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Loop Capital’s analysts, who began to cover the stock in early May with a ‘”a Hold”‘ rating. TD Securities also remained covering LPX and has decreased its forecast on January 11, 2024 with a “Hold” recommendation from previously “Buy” rating. TD Securities revised its rating on September 20, 2023. It rated LPX as “a Buy” which previously was an “a Hold”.
Price Performance Review of LPX
On Tuesday, Louisiana-Pacific Corp. [NYSE:LPX] saw its stock fall -1.08% to $90.76. Over the last five days, the stock has gained 1.25%. Louisiana-Pacific Corp. shares have risen nearly 28.14% since the year began. Nevertheless, the stocks have risen 49.15% over the past one year. While a 52-week high of $92.86 was reached on 06/03/24, a 52-week low of $49.47 was recorded on 02/05/24. SMA at 50 days reached $81.82, while 200 days put it at $68.42. A total of 1.01 million shares were traded, compared to the trading of 1.67 million shares in the previous session.
Levels Of Support And Resistance For LPX Stock
The 24-hour chart illustrates a support level at 90.06, which if violated will result in even more drops to 89.36. On the upside, there is a resistance level at 91.59. A further resistance level may holdings at 92.42. The Relative Strength Index (RSI) on the 14-day chart is 62.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.87, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.94%. Stochastics %K at 73.34% indicates the stock is a holding.
