Lovesac Company’s recent filing unveils that its Chief Executive Officer Nelson Shawn David unloaded Company’s shares for reported $0.11 million on Jun 21 ’24. In the deal valued at $23.10 per share,4,873 shares were sold. As a result of this transaction, Nelson Shawn David now holds 160,982 shares worth roughly $3.46 million.
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Then, Nelson Shawn David sold 18,988 shares, generating $443,078 in total proceeds. Upon selling the shares at $23.33, the Chief Executive Officer now owns 165,855 shares.
Before that, Siegner Keith R. bought 4,800 shares. Lovesac Company shares valued at $99,864 were divested by the EVP and CFO at a price of $20.80 per share. As a result of the transaction, Siegner Keith R. now holds 4,800 shares, worth roughly $0.1 million.
Maxim Group reiterated its Lovesac Company [LOVE] rating to a Buy in a research note published on June 17, 2024; the price target was $38. A number of analysts have revised their coverage, including Maxim Group’s analysts, who began to cover the stock in mid April with a ‘”a Buy”‘ rating. ROTH MKM also remained covering LOVE and reiterated its “Buy” recommendation on March 29, 2023. Oppenheimer maintained its rating on September 11, 2020. It rated LOVE as “an Outperform”.
Price Performance Review of LOVE
On Tuesday, Lovesac Company [NASDAQ:LOVE] saw its stock fall -1.60% to $21.50. Over the last five days, the stock has lost -11.40%. Lovesac Company shares have fallen nearly -15.85% since the year began. Nevertheless, the stocks have fallen -17.02% over the past one year. While a 52-week high of $29.81 was reached on 05/30/24, a 52-week low of $14.18 was recorded on 04/16/24. SMA at 50 days reached $24.56, while 200 days put it at $22.34. A total of 0.3 million shares were traded, compared to the trading of 0.28 million shares in the previous session.
Levels Of Support And Resistance For LOVE Stock
The 24-hour chart illustrates a support level at 21.11, which if violated will result in even more drops to 20.72. On the upside, there is a resistance level at 21.86. A further resistance level may holdings at 22.22. The Relative Strength Index (RSI) on the 14-day chart is 30.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.54%. Stochastics %K at 4.16% indicates the stock is a buying.
The most recent change occurred on June 10, 2020 when BTIG Research resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $30.
