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Taking a look at what insiders are doing to gauge the Landstar System, Inc. (LSTR)’s direction

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Landstar System, Inc. shares valued at $2,325,292 were sold by Kneller Michael K on Feb 05 ’24. At $190.30 per share, Kneller Michael K sold 12,219 shares. The insider’s holdings dropped to 61,127 shares worth approximately $11.26 million following the completion of this transaction.

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Also, CORO RICARDO S sold 5,000 shares, netting a total of over 952,790 in proceeds. Following the sale of shares at $190.56 each, the insider now holds 20,424 shares.

Before that, Beacom Joseph J had sold 10,000 shares from its account. In a trade valued at $2,022,272, the VP, CSO, COO traded Landstar System, Inc. shares for $202.23 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $3.68 million.

Analysts at Wolfe Research upgraded the stock from ‘”a Peer perform”‘ to ‘”an Outperform”‘ outlook in a report released in early January. As of December 11, 2023, JP Morgan has initiated its “Neutral” rating for LSTR. Earlier on August 17, 2023, UBS initiated its rating. Their recommendation was “a Neutral” for LSTR stock.

Analyzing LSTR Stock Performance

During the last five days, there has been a surge of approximately 0.89%. Over the course of the year, Landstar System, Inc. shares have dropped approximately -3.90%. Shares of the company reached a 52-week high of $200.43 on 01/24/24 and a 52-week low of $165.39 on 04/17/24. A 50-day SMA is recorded $180.66, while a 200-day SMA reached $182.38. Nevertheless, trading volume fell to 0.13 million shares from 0.23 million shares the previous day.

Support And Resistance Levels for Landstar System, Inc. (LSTR)

According to the 24-hour chart, there is a support level at 183.01, which, if violated, would cause prices to drop to 181.85. In the upper region, resistance lies at 185.60. The next price resistance is at 187.03. RSI (Relative Strength Index) is 56.40 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.53, which suggests the price will increase in the coming days. Percent R is at 18.26%, indicating bullish price movement. Stochastics%K at holding indicates that the stock is to be held.

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