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Examining the Potential Price Growth of Lightwave Logic Inc (LWLG)

Lightwave Logic Inc’s recently made public that its Director LEONBERGER FREDERICK J unloaded Company’s shares for reported $0.35 million on Dec 13 ’23. In the deal valued at $4.67 per share,75,000 shares were sold. As a result of this transaction, LEONBERGER FREDERICK J now holds 179,128 shares worth roughly $0.45 million.

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Then, Bucchi Ronald A sold 27,000 shares, generating $128,343 in total proceeds. Upon selling the shares at $4.75, the Director now owns 81,749 shares.

Before that, LEONBERGER FREDERICK J sold 49,000 shares. Lightwave Logic Inc shares valued at $379,750 were divested by the Director at a price of $7.75 per share. As a result of the transaction, LEONBERGER FREDERICK J now holds 154,128 shares, worth roughly $0.39 million.

Price Performance Review of LWLG

On Friday, Lightwave Logic Inc [NASDAQ:LWLG] saw its stock fall -7.97% to $2.54. Over the last five days, the stock has lost -17.53%. Lightwave Logic Inc shares have fallen nearly -49.00% since the year began. Nevertheless, the stocks have fallen -70.50% over the past one year. While a 52-week high of $9.18 was reached on 02/12/24, a 52-week low of $2.76 was recorded on 06/07/24. SMA at 50 days reached $3.83, while 200 days put it at $4.50. A total of 1.49 million shares were traded, compared to the trading of 0.76 million shares in the previous session.

Levels Of Support And Resistance For LWLG Stock

The 24-hour chart illustrates a support level at 2.47, which if violated will result in even more drops to 2.41. On the upside, there is a resistance level at 2.67. A further resistance level may holdings at 2.80. The Relative Strength Index (RSI) on the 14-day chart is 26.00, which indicates oversold 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 bearish at 99.65%. Stochastics %K at 6.39% indicates the stock is a buying.

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