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News: LuxUrban Hotels Inc’s Director Ferdinand Brian reduceds 104,703 shares

LuxUrban Hotels Inc’s filing revealed that its Director Ferdinand Brian unloaded Company’s shares for reported $24071.0 on Jun 14 ’24. In the deal valued at $0.23 per share,104,703 shares were sold. As a result of this transaction, Ferdinand Brian now holds 8,964,975 shares worth roughly $1.97 million.

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Then, Ferdinand Brian sold 709,421 shares, generating $278,155 in total proceeds. Upon selling the shares at $0.39, the Director now owns 0 shares.

Before that, Ferdinand Brian sold 3,560 shares. LuxUrban Hotels Inc shares valued at $66,891 were divested by the Director at a price of $18.79 per share. As a result of the transaction, Ferdinand Brian now holds 9,421 shares, worth roughly $2072.62.

Northland Capital downgraded its LuxUrban Hotels Inc [LUXH] rating to a Market perform from a an Outperform in a research note published recently.

Price Performance Review of LUXH

On Tuesday, LuxUrban Hotels Inc [NASDAQ:LUXH] saw its stock fall -7.50% to $0.22. Over the last five days, the stock has lost -5.53%. LuxUrban Hotels Inc shares have fallen nearly -96.28% since the year began. Nevertheless, the stocks have fallen -92.95% over the past one year. While a 52-week high of $6.88 was reached on 01/08/24, a 52-week low of $0.21 was recorded on 06/13/24. SMA at 50 days reached $0.4650, while 200 days put it at $2.9327. A total of 0.43 million shares were traded, compared to the trading of 0.28 million shares in the previous session.

Levels Of Support And Resistance For LUXH Stock

The 24-hour chart illustrates a support level at 0.2158, which if violated will result in even more drops to 0.2097. On the upside, there is a resistance level at 0.2340. A further resistance level may holdings at 0.2461. The Relative Strength Index (RSI) on the 14-day chart is 32.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0081, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.32%. Stochastics%K at 27.35% indicates the stock is a holding.

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