LXP Industrial Trust’s recent filing unveils that its Director Gupta Arun acquired Company’s shares for reported $0.13 million on Jun 12 ’24. In the deal valued at $8.95 per share,15,000 shares were bought. As a result of this transaction, Gupta Arun now holds 65,474 shares worth roughly $0.6 million.
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Exane BNP Paribas initiated its LXP Industrial Trust [LXP] rating to an Outperform in a research note published on June 04, 2024; the price target was $11. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who increased its forecast for the stock in mid May from “a Sector weight” to “an Overweight”. JMP Securities began covering LXP with “Mkt outperform” recommendation on April 18, 2023.
Price Performance Review of LXP
On Friday, LXP Industrial Trust [NYSE:LXP] saw its stock jump 0.77% to $9.12. Over the last five days, the stock has gained 2.70%. LXP Industrial Trust shares have fallen nearly -8.06% since the year began. Nevertheless, the stocks have fallen -5.36% over the past one year. While a 52-week high of $10.71 was reached on 01/02/24, a 52-week low of $7.75 was recorded on 05/29/24. SMA at 50 days reached $8.71, while 200 days put it at $8.89. A total of 4.18 million shares were traded, compared to the trading of 2.44 million shares in the previous session.
Levels Of Support And Resistance For LXP Stock
The 24-hour chart illustrates a support level at 8.96, which if violated will result in even more drops to 8.80. On the upside, there is a resistance level at 9.22. A further resistance level may holdings at 9.32. The Relative Strength Index (RSI) on the 14-day chart is 66.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 8.96%. Stochastics%K at 84.08% indicates the stock is a selling.
