In a filing, LifeStance Health Group Inc revealed its 10% Owner TPG GP A, LLC unloaded Company’s shares for reported $85.84 million on May 24 ’24. In the deal valued at $5.89 per share,14,573,017 shares were sold. As a result of this transaction, TPG GP A, LLC now holds 160,711,618 shares worth roughly $908.02 million.
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Then, BLACK DARREN M. sold 3,802,345 shares, generating $22,395,812 in total proceeds. Upon selling the shares at $5.89, the Director now owns 41,932,358 shares.
Before that, Summit Partners Growth Equity sold 3,802,345 shares. LifeStance Health Group Inc shares valued at $22,395,812 were divested by the 10% Owner at a price of $5.89 per share. As a result of the transaction, Summit Partners Growth Equity now holds 41,932,358 shares, worth roughly $236.92 million.
Barclays initiated its LifeStance Health Group Inc [LFST] rating to an Underweight in a research note published on January 03, 2024; the price target was $7. A number of analysts have revised their coverage, including TD Cowen’s analysts, who decreased its forecast for the stock in mid May from “an Outperform” to “a Market perform”. Morgan Stanley also remained covering LFST and has increased its forecast on January 06, 2023 with a “an Overweight” recommendation from previously “an Equal-weight” rating.
Price Performance Review of LFST
On Friday, LifeStance Health Group Inc [NASDAQ:LFST] saw its stock fall -2.59% to $5.65. Over the last five days, the stock has gained 1.44%. LifeStance Health Group Inc shares have fallen nearly -27.84% since the year began. Nevertheless, the stocks have fallen -33.22% over the past one year. While a 52-week high of $9.59 was reached on 02/28/24, a 52-week low of $4.74 was recorded on 02/01/24. SMA at 50 days reached $6.27, while 200 days put it at $6.61. A total of 0.79 million shares were traded, compared to the trading of 0.63 million shares in the previous session.
Levels Of Support And Resistance For LFST Stock
The 24-hour chart illustrates a support level at 5.57, which if violated will result in even more drops to 5.49. On the upside, there is a resistance level at 5.79. A further resistance level may holdings at 5.93. The Relative Strength Index (RSI) on the 14-day chart is 37.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.78%. Stochastics %K at 18.00% indicates the stock is a buying.
