Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. LTC Properties, Inc. shares valued at $97,607 were sold by TRICHE TIMOTHY on Apr 02 ’24. At $31.67 per share, TRICHE TIMOTHY sold 3,082 shares. The insider’s holdings dropped to 36,343 shares worth approximately $1.25 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Hendrickson Boyd W sold 7,500 shares, netting a total of over 245,100 in proceeds. Following the sale of shares at $32.68 each, the insider now holds 21,816 shares.
Before that, SHELLEY-KESSLER PAMELA had sold 15,500 shares from its account. In a trade valued at $504,370, the CO-PRESIDENT, CFO & SECRETARY traded LTC Properties, Inc. shares for $32.54 each. Upon closing the transaction, the insider’s holdings decreased to 15,500 shares, worth approximately $5.01 million.
As published in their initiating research note from Deutsche Bank on January 30, 2024, LTC Properties, Inc. [LTC] has been a Hold and the price target has been revised to $34. Analysts at Wedbush started covering the stock with ‘”an Outperform”‘ outlook in a report released in early October. As of September 28, 2023, Berenberg has initiated its “Buy” rating for LTC. Earlier on September 20, 2023, Jefferies initiated its rating. Their recommendation was “a Hold” for LTC stock.
Analyzing LTC Stock Performance
During the last five days, there has been a surge of approximately 2.78%. Over the course of the year, LTC Properties, Inc. shares have jumped approximately 7.10%. Shares of the company reached a 52-week high of $35.24 on 05/21/24 and a 52-week low of $30.30 on 02/08/24. A 50-day SMA is recorded $33.88, while a 200-day SMA reached $32.50. Nevertheless, trading volume fell to 80955.0 shares from 0.27 million shares the previous day.
Support And Resistance Levels for LTC Properties, Inc. (LTC)
According to the 24-hour chart, there is a support level at 34.16, which, if violated, would cause prices to drop to 34.05. In the upper region, resistance lies at 34.47. The next price resistance is at 34.67. RSI (Relative Strength Index) is 56.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.44, which suggests the price will decrease in the coming days. Percent R is at 19.93%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
