Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Live Oak Bancshares Inc shares valued at $93,522 were sold by Bradford Tonya Williams on May 15 ’24. At $35.97 per share, Bradford Tonya Williams sold 2,600 shares. The insider’s holdings dropped to 5,870 shares worth approximately $0.2 million following the completion of this transaction.
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Also, Davis Micah S sold 8,613 shares, netting a total of over 343,421 in proceeds. Following the sale of shares at $39.87 each, the insider now holds 43,864 shares.
Before that, SUTHERLAND JOHN W. had sold 10,500 shares from its account. In a trade valued at $426,891, the Chief Accounting Officer traded Live Oak Bancshares Inc shares for $40.66 each. Upon closing the transaction, the insider’s holdings decreased to 10,500 shares, worth approximately $1.57 million.
As published in a research note from JP Morgan on October 05, 2023, Live Oak Bancshares Inc [LOB] has been rated up from a Neutral to an Overweight and the price target has been revised to $40. Analysts at JP Morgan upgraded the stock from ‘”an Underweight”‘ to ‘”a Neutral”‘ outlook in a report released in late April. Earlier on December 13, 2022, JP Morgan downgraded its rating. Their new recommendation was “an Underweight” for LOB stock which previously was a “a Neutral”.
Analyzing LOB Stock Performance
During the last five days, there has been a surge of approximately 0.09%. Over the course of the year, Live Oak Bancshares Inc shares have dropped approximately -26.04%. Shares of the company reached a 52-week high of $45.97 on 01/02/24 and a 52-week low of $31.03 on 06/11/24. A 50-day SMA is recorded $34.25, while a 200-day SMA reached $35.86. Nevertheless, trading volume fell to 0.11 million shares from 0.13 million shares the previous day.
Support And Resistance Levels for Live Oak Bancshares Inc (LOB)
According to the 24-hour chart, there is a support level at 33.22, which, if violated, would cause prices to drop to 32.86. In the upper region, resistance lies at 34.30. The next price resistance is at 35.02. RSI (Relative Strength Index) is 48.65 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.56, which suggests the price will decrease in the coming days. Percent R is at 52.58%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
