Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Landsea Homes Corporation shares valued at $4,288,500 were sold by Tian Ming on Jun 20 ’24. At $9.53 per share, Tian Ming sold 450,000 shares. The insider’s holdings dropped to 12,290,729 shares worth approximately $107.42 million following the completion of this transaction.
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Also, LANDSEA HOLDINGS CORP sold 450,000 shares, netting a total of over 4,288,500 in proceeds. Following the sale of shares at $9.53 each, the insider now holds 12,260,729 shares.
Before that, FRANK BRUCE D had sold 5,491 shares from its account. In a trade valued at $56,063, the Director traded Landsea Homes Corporation shares for $10.21 each. Upon closing the transaction, the insider’s holdings decreased to 5,491 shares, worth approximately $0.31 million.
As published in their initiating research note from Oppenheimer on May 31, 2024, Landsea Homes Corporation [LSEA] has been an Outperform and the price target has been revised to $14. Analysts at Wedbush started covering the stock with ‘”a Neutral”‘ outlook in a report released in late June. As of September 15, 2022, BTIG Research has initiated its “Neutral” rating for LSEA. Earlier on February 05, 2021, Barclays initiated its rating. Their recommendation was “an Equal weight” for LSEA stock.
Analyzing LSEA Stock Performance
During the last five days, there has been a drop of approximately -3.21%. Over the course of the year, Landsea Homes Corporation shares have dropped approximately -33.49%. Nevertheless, trading volume fell to 56597.0 shares from 0.16 million shares the previous day.
Support And Resistance Levels for Landsea Homes Corporation (LSEA)
According to the 24-hour chart, there is a support level at 8.60, which, if violated, would cause prices to drop to 8.47. In the upper region, resistance lies at 8.84. The next price resistance is at 8.95. RSI (Relative Strength Index) is 33.65 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.42, which suggests the price will decrease in the coming days. Percent R is at 88.03%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.
