Landbridge Company LLC.’s filing revealed that its Director WATSON CHARLES L. acquired Company’s shares for reported $2.0 million on Jul 01 ’24. In the deal valued at $17.00 per share,117,600 shares were bought. As a result of this transaction, WATSON CHARLES L. now holds 117,600 shares worth roughly $3.71 million.
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Then, Daul Ty P. bought 8,800 shares, generating $149,600 in total proceeds. Upon buying the shares at $17.00, the Director now owns 8,800 shares.
Before that, Chase Valerie bought 2,925 shares. Landbridge Company LLC. shares valued at $49,725 were divested by the Director at a price of $17.00 per share. As a result of the transaction, Chase Valerie now holds 2,925 shares, worth roughly $92400.75.
Janney initiated its Landbridge Company LLC. [LB] rating to a Buy in a research note published on July 25, 2024; the price target was $36. A number of analysts have revised their coverage, including Johnson Rice’s analysts, who began to cover the stock in late July with a ‘”a Buy”‘ rating. Wells Fargo began covering LB with “an Overweight” recommendation on July 23, 2024. Raymond James started covering the stock on July 23, 2024. It rated LB as “an Outperform”.
Price Performance Review of LB
On Tuesday, Landbridge Company LLC. [NYSE:LB] saw its stock jump 5.26% to $31.59. Over the last five days, the stock has gained 1.31%. Landbridge Company LLC. shares have risen nearly 36.46% since the year began. A total of 0.21 million shares were traded, compared to the trading of 3.01 million shares in the previous session.
Levels Of Support And Resistance For LB Stock
The 24-hour chart illustrates a support level at 30.49, which if violated will result in even more drops to 29.40. On the upside, there is a resistance level at 32.25. A further resistance level may holdings at 32.92. The Moving Average Convergence Divergence (MACD) stands at 0.73, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 35.50%. Stochastics%K at 60.21% indicates the stock is a holding.
The most recent change occurred on July 23, 2024 when Piper Sandler began covering the stock and recommended ‘”a Neutral”‘ rating along with a $30 price target.
