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Taking a Closer Look At Live Oak Bancshares Inc (LOB) Following Its Recent Trade

In a filing, Live Oak Bancshares Inc revealed its Director Bradford Tonya Williams unloaded Company’s shares for reported $93522.0 on May 15 ’24. In the deal valued at $35.97 per share,2,600 shares were sold. As a result of this transaction, Bradford Tonya Williams now holds 5,870 shares worth roughly $0.2 million.

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Then, Davis Micah S sold 8,613 shares, generating $343,421 in total proceeds. Upon selling the shares at $39.87, the Chief Marketing & Comm Officer now owns 43,864 shares.

Before that, SUTHERLAND JOHN W. sold 10,500 shares. Live Oak Bancshares Inc shares valued at $426,891 were divested by the Chief Accounting Officer at a price of $40.66 per share. As a result of the transaction, SUTHERLAND JOHN W. now holds 46,603 shares, worth roughly $1.58 million.

JP Morgan upgraded its Live Oak Bancshares Inc [LOB] rating to an Overweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in late April from “an Underweight” to “a Neutral”. JP Morgan revised its rating on December 13, 2022. It rated LOB as “an Underweight” which previously was an “a Neutral”.

Price Performance Review of LOB

On Tuesday, Live Oak Bancshares Inc [NYSE:LOB] saw its stock jump 0.60% to $33.81. Over the last five days, the stock has lost -1.05%. Live Oak Bancshares Inc shares have fallen nearly -25.69% since the year began. Nevertheless, the stocks have risen 26.11% over the past one year. While a 52-week high of $47.22 was reached on 01/02/24, a 52-week low of $26.11 was recorded on 06/11/24. SMA at 50 days reached $34.00, while 200 days put it at $35.91. A total of 0.24 million shares were traded, compared to the trading of 0.16 million shares in the previous session.

Levels Of Support And Resistance For LOB Stock

The 24-hour chart illustrates a support level at 33.26, which if violated will result in even more drops to 32.70. On the upside, there is a resistance level at 34.16. A further resistance level may holdings at 34.50. The Relative Strength Index (RSI) on the 14-day chart is 49.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.92%. Stochastics%K at 44.90% indicates the stock is a holding.

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