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Examining the Potential Price Growth of Louisiana-Pacific Corp. (LPX)

Louisiana-Pacific Corp.’s recently made public that its Director Gottung Lizanne C unloaded Company’s shares for reported $0.32 million on Jun 17 ’24. In the deal valued at $89.18 per share,3,591 shares were sold. As a result of this transaction, Gottung Lizanne C now holds 23,501 shares worth roughly $1.92 million.

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Then, Blosser Michael W sold 3,661 shares, generating $335,128 in total proceeds. Upon selling the shares at $91.54, the SVP, Manufacturing Services now owns 54,898 shares.

Before that, HORTON OZEY K JR sold 1,000 shares. Louisiana-Pacific Corp. shares valued at $86,270 were divested by the Director at a price of $86.27 per share. As a result of the transaction, HORTON OZEY K JR now holds 28,157 shares, worth roughly $2.3 million.

Goldman downgraded its Louisiana-Pacific Corp. [LPX] rating to a Sell from a a Neutral in a research note published on June 17, 2024; the price target was decreased to $81 from $89. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who decreased its forecast for the stock in early May from “a Buy” to “a Neutral”. Loop Capital began covering LPX with “Hold” recommendation on May 03, 2024. TD Securities revised its rating on January 11, 2024. It rated LPX as “a Hold” which previously was an “a Buy”.

Price Performance Review of LPX

On Tuesday, Louisiana-Pacific Corp. [NYSE:LPX] saw its stock fall -0.55% to $81.86. Over the last five days, the stock has lost -1.16%. Louisiana-Pacific Corp. shares have risen nearly 15.57% since the year began. Nevertheless, the stocks have risen 9.18% over the past one year. While a 52-week high of $95.70 was reached on 06/12/24, a 52-week low of $49.47 was recorded on 02/05/24. SMA at 50 days reached $85.23, while 200 days put it at $70.97. A total of 0.66 million shares were traded, compared to the trading of 1.08 million shares in the previous session.

Levels Of Support And Resistance For LPX Stock

The 24-hour chart illustrates a support level at 81.31, which if violated will result in even more drops to 80.75. On the upside, there is a resistance level at 82.21. A further resistance level may holdings at 82.55. The Relative Strength Index (RSI) on the 14-day chart is 33.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.79%. Stochastics%K at 4.63% indicates the stock is a buying.

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