The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. LuxUrban Hotels Inc shares valued at $24,071 were sold by Ferdinand Brian on Jun 14 ’24. At $0.23 per share, Ferdinand Brian sold 104,703 shares. The insider’s holdings dropped to 8,964,975 shares worth approximately $2.15 million following the completion of this transaction.
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Also, Ferdinand Brian sold 709,421 shares, netting a total of over 278,155 in proceeds. Following the sale of shares at $0.39 each, the insider now holds 0 shares.
Before that, Ferdinand Brian had sold 3,560 shares from its account. In a trade valued at $66,891, the Director traded LuxUrban Hotels Inc shares for $18.79 each. Upon closing the transaction, the insider’s holdings decreased to 3,560 shares, worth approximately $2261.04.
As published in a research note from Northland Capital on May 06, 2024, LuxUrban Hotels Inc [LUXH] has been rated down from an Outperform to a Market perform.
Analyzing LUXH Stock Performance
During the last five days, there has been a drop of approximately -4.23%. Over the course of the year, LuxUrban Hotels Inc shares have dropped approximately -96.05%. Shares of the company reached a 52-week high of $6.8800 on 01/08/24 and a 52-week low of $0.2103 on 06/13/24. A 50-day SMA is recorded $0.5196, while a 200-day SMA reached $2.9998. Nevertheless, trading volume fell to 0.65 million shares from 0.4 million shares the previous day.
Support And Resistance Levels for LuxUrban Hotels Inc (LUXH)
According to the 24-hour chart, there is a support level at 0.2300, which, if violated, would cause prices to drop to 0.2243. In the upper region, resistance lies at 0.2413. The next price resistance is at 0.2469. RSI (Relative Strength Index) is 33.64 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0027, which suggests the price will decrease in the coming days. Percent R is at 68.13%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
