Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Lument Finance Trust Inc shares valued at $35,572 were purchased by Henson James J on Jan 02 ’24. At $2.37 per share, Henson James J acquired 15,000 shares. The insider’s holdings grew to 55,000 shares worth approximately $0.13 million following the completion of this transaction.
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Also, HOULIHAN WILLIAM A purchased 3,000 shares, netting a total of over 6,300 in proceeds. Following the buying of shares at $2.10 each, the insider now holds 186,732 shares.
Before that, HOULIHAN WILLIAM A had added 3,000 shares to its account. In a trade valued at $6,330, the Director bought Lument Finance Trust Inc shares for $2.11 each. Upon closing the transaction, the insider’s holdings increased to 3,000 shares, worth approximately $0.45 million.
As published in a research note from Piper Sandler on August 30, 2022, Lument Finance Trust Inc [LFT] has been rated down from an Overweight to a Neutral and the price target has been revised to $2.75 from $3. Analysts at Ladenburg Thalmann downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid March. As of December 17, 2021, Piper Sandler has initiated its “an Overweight” rating for LFT. Earlier on October 15, 2021, B. Riley Securities initiated its rating. Their recommendation was “a Buy” for LFT stock.
Analyzing LFT Stock Performance
During the last five days, there has been a drop of approximately -3.54%. Over the course of the year, Lument Finance Trust Inc shares have jumped approximately 5.15%. Shares of the company reached a 52-week high of $2.60 on 06/25/24 and a 52-week low of $2.16 on 03/19/24. A 50-day SMA is recorded $2.44, while a 200-day SMA reached $2.29. Nevertheless, trading volume fell to 87525.0 shares from 0.42 million shares the previous day.
Support And Resistance Levels for Lument Finance Trust Inc (LFT)
According to the 24-hour chart, there is a support level at 2.42, which, if violated, would cause prices to drop to 2.39. In the upper region, resistance lies at 2.47. The next price resistance is at 2.49. RSI (Relative Strength Index) is 48.41 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.11, which suggests the price will decrease in the coming days. Percent R is at 41.67%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
