Lument Finance Trust Inc’s recent filing unveils that its PRESIDENT Henson James J acquired Company’s shares for reported $35572.0 on Jan 02 ’24. In the deal valued at $2.37 per share,15,000 shares were bought. As a result of this transaction, Henson James J now holds 55,000 shares worth roughly $0.14 million.
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Then, HOULIHAN WILLIAM A bought 3,000 shares, generating $6,300 in total proceeds. Upon buying the shares at $2.10, the Director now owns 186,732 shares.
Before that, HOULIHAN WILLIAM A bought 3,000 shares. Lument Finance Trust Inc shares valued at $6,330 were divested by the Director at a price of $2.11 per share. As a result of the transaction, HOULIHAN WILLIAM A now holds 183,732 shares, worth roughly $0.46 million.
Piper Sandler downgraded its Lument Finance Trust Inc [LFT] rating to a Neutral from a an Overweight in a research note published on August 30, 2022; the price target was decreased to $2.75 from $3. A number of analysts have revised their coverage, including Ladenburg Thalmann’s analysts, who decreased its forecast for the stock in mid March from “a Buy” to “a Neutral”. Piper Sandler began covering LFT with “an Overweight” recommendation on December 17, 2021. B. Riley Securities started covering the stock on October 15, 2021. It rated LFT as “a Buy”.
Price Performance Review of LFT
On Tuesday, Lument Finance Trust Inc [NYSE:LFT] saw its stock unchanged to $2.50. Over the last five days, the stock has gained 0.40%. Lument Finance Trust Inc shares have risen nearly 7.30% since the year began. Nevertheless, the stocks have risen 29.53% over the past one year. While a 52-week high of $2.60 was reached on 06/03/24, a 52-week low of $1.81 was recorded on 03/19/24. SMA at 50 days reached $2.42, while 200 days put it at $2.27. A total of 0.28 million shares were traded, compared to the trading of 0.18 million shares in the previous session.
Levels Of Support And Resistance For LFT Stock
The 24-hour chart illustrates a support level at 2.47, which if violated will result in even more drops to 2.45. On the upside, there is a resistance level at 2.53. A further resistance level may holdings at 2.56. The Relative Strength Index (RSI) on the 14-day chart is 53.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.67%. Stochastics %K at 37.78% indicates the stock is a holding.
