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Lantronix Inc [NASDAQ: LTRX] Sees Increase in Stock Value

CHWY Stock

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Lantronix Inc shares valued at $4,225 were sold by BRUSCHA BERNHARD on Jun 03 ’24. At $4.02 per share, BRUSCHA BERNHARD sold 1,051 shares. The insider’s holdings dropped to 5,405,420 shares worth approximately $20.05 million following the completion of this transaction.

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Also, BRACE PHILIP G purchased 20,000 shares, netting a total of over 71,800 in proceeds. Following the buying of shares at $3.59 each, the insider now holds 47,000 shares.

Before that, Cohenour Jason had added 21,000 shares to its account. In a trade valued at $76,264, the Director bought Lantronix Inc shares for $3.63 each. Upon closing the transaction, the insider’s holdings increased to 21,000 shares, worth approximately $0.13 million.

As published in a research note from Needham on March 12, 2024, Lantronix Inc [LTRX] has been retained to a Buy and the price target has been revised to $7. Analysts at Needham resumed the stock at ‘”a Buy”‘ outlook in a report released in early February. As of February 14, 2022, Canaccord Genuity has initiated its “Buy” rating for LTRX. Earlier on October 12, 2021, Craig Hallum initiated its rating. Their recommendation was “a Buy” for LTRX stock.

Analyzing LTRX Stock Performance

During the last five days, there has been a surge of approximately 1.37%. Over the course of the year, Lantronix Inc shares have dropped approximately -36.69%. Shares of the company reached a 52-week high of $6.95 on 01/16/24 and a 52-week low of $3.08 on 04/19/24. A 50-day SMA is recorded $3.69, while a 200-day SMA reached $4.50. Nevertheless, trading volume fell to 68677.0 shares from 0.29 million shares the previous day.

Support And Resistance Levels for Lantronix Inc (LTRX)

According to the 24-hour chart, there is a support level at 3.58, which, if violated, would cause prices to drop to 3.55. In the upper region, resistance lies at 3.67. The next price resistance is at 3.73. RSI (Relative Strength Index) is 51.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.00, which suggests the price will decrease in the coming days. Percent R is at 55.88%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.

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