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Lattice Semiconductor Corp. [NASDAQ: LSCC] Sees Decrease in Stock Value

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Lattice Semiconductor Corp. shares valued at $3,373,518 were sold by ANDERSON JAMES ROBERT on May 23 ’24. At $76.27 per share, ANDERSON JAMES ROBERT sold 44,231 shares. The insider’s holdings dropped to 715,055 shares worth approximately $34.64 million following the completion of this transaction.

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Also, Feanny Tracy Ann sold 703 shares, netting a total of over 54,729 in proceeds. Following the sale of shares at $77.85 each, the insider now holds 12,084 shares.

Before that, ANDERSON JAMES ROBERT had sold 30,000 shares from its account. In a trade valued at $2,253,461, the President, CEO traded Lattice Semiconductor Corp. shares for $75.12 each. Upon closing the transaction, the insider’s holdings decreased to 30,000 shares, worth approximately $36.79 million.

As published in a research note from TD Cowen on July 30, 2024, Lattice Semiconductor Corp. [LSCC] has been retained to a Buy and the price target has been revised to $60. Analysts at BofA Securities downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in late July. As of November 30, 2023, Deutsche Bank has initiated its “Buy” rating for LSCC. Earlier on October 24, 2023, Needham initiated its rating. Their recommendation was “a Buy” for LSCC stock.

Analyzing LSCC Stock Performance

During the last five days, there has been a drop of approximately -10.58%. Over the course of the year, Lattice Semiconductor Corp. shares have dropped approximately -29.77%. Shares of the company reached a 52-week high of $85.69 on 03/07/24 and a 52-week low of $47.58 on 07/30/24. A 50-day SMA is recorded $61.46, while a 200-day SMA reached $67.14. Nevertheless, trading volume fell to 4.21 million shares from 10.55 million shares the previous day.

Support And Resistance Levels for Lattice Semiconductor Corp. (LSCC)

According to the 24-hour chart, there is a support level at 46.56, which, if violated, would cause prices to drop to 44.68. In the upper region, resistance lies at 51.59. The next price resistance is at 54.73. RSI (Relative Strength Index) is 33.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.56, which suggests the price will decrease in the coming days. Percent R is at 94.43%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.

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