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Lemonade Inc [LMND] Records 200-Day SMA of $15.75

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Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Lemonade Inc shares valued at $33,294 were sold by BIXBY TIMOTHY E on Jun 04 ’24. At $16.03 per share, BIXBY TIMOTHY E sold 2,077 shares. The insider’s holdings dropped to 273,602 shares worth approximately $4.56 million following the completion of this transaction.

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Also, Peters John Sheldon sold 1,026 shares, netting a total of over 16,447 in proceeds. Following the sale of shares at $16.03 each, the insider now holds 73,941 shares.

Before that, Prosor Maya had sold 271 shares from its account. In a trade valued at $4,344, the Chief Business Officer traded Lemonade Inc shares for $16.03 each. Upon closing the transaction, the insider’s holdings decreased to 271 shares, worth approximately $0.15 million.

As published in their initiating research note from TD Cowen on January 10, 2024, Lemonade Inc [LMND] has been a Market perform and the price target has been revised to $17. Analysts at Oppenheimer downgraded the stock from ‘”an Outperform”‘ to ‘”a Perform”‘ outlook in a report released in early December. As of June 20, 2023, Morgan Stanley has initiated its “an Underweight” rating for LMND. Earlier on January 20, 2023, BMO Capital Markets initiated its rating. Their recommendation was “an Underperform” for LMND stock.

Analyzing LMND Stock Performance

During the last five days, there has been a surge of approximately 0.60%. Over the course of the year, Lemonade Inc shares have jumped approximately 3.22%. Shares of the company reached a 52-week high of $21.94 on 02/27/24 and a 52-week low of $15.05 on 02/05/24. A 50-day SMA is recorded $16.90, while a 200-day SMA reached $15.75. Nevertheless, trading volume fell to 0.94 million shares from 0.95 million shares the previous day.

Support And Resistance Levels for Lemonade Inc (LMND)

According to the 24-hour chart, there is a support level at 16.23, which, if violated, would cause prices to drop to 15.81. In the upper region, resistance lies at 16.86. The next price resistance is at 17.07. RSI (Relative Strength Index) is 47.92 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.28, which suggests the price will decrease in the coming days. Percent R is at 65.33%, indicating low price movement. Stochastics %K at buying indicates that the stock is to be held.

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