Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Lineage Cell Therapeutics Inc shares valued at $10,500 were purchased by Culley Brian M on May 24 ’24. At $1.05 per share, Culley Brian M acquired 10,000 shares. The insider’s holdings grew to 154,842 shares worth approximately $0.14 million following the completion of this transaction.
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Also, BAILEY DON M purchased 96,155 shares, netting a total of over 100,001 in proceeds. Following the buying of shares at $1.04 each, the insider now holds 158,801 shares.
Before that, BROADWOOD PARTNERS, L.P. had added 6,730,770 shares to its account. In a trade valued at $7,000,001, the Director bought Lineage Cell Therapeutics Inc shares for $1.04 each. Upon closing the transaction, the insider’s holdings increased to 6,730,770 shares, worth approximately $36.67 million.
As published in their initiating research note from Robert W. Baird on November 02, 2022, Lineage Cell Therapeutics Inc [LCTX] has been an Outperform and the price target has been revised to $5. Analysts at B. Riley Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in mid June. As of August 19, 2021, Noble Capital Markets has initiated its “an Outperform” rating for LCTX. Earlier on March 31, 2021, Cantor Fitzgerald initiated its rating. Their recommendation was “an Overweight” for LCTX stock.
Analyzing LCTX Stock Performance
During the last five days, there has been a drop of approximately -8.66%. Over the course of the year, Lineage Cell Therapeutics Inc shares have dropped approximately -19.21%. Shares of the company reached a 52-week high of $1.6100 on 03/28/24 and a 52-week low of $0.8372 on 07/05/24. A 50-day SMA is recorded $0.9647, while a 200-day SMA reached $1.0820. Nevertheless, trading volume fell to 0.9 million shares from 0.51 million shares the previous day.
Support And Resistance Levels for Lineage Cell Therapeutics Inc (LCTX)
According to the 24-hour chart, there is a support level at 0.8551, which, if violated, would cause prices to drop to 0.8295. In the upper region, resistance lies at 0.9111. The next price resistance is at 0.9415. RSI (Relative Strength Index) is 38.95 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0952, which suggests the price will decrease in the coming days. Percent R is at 92.90%, indicating bearish price movement. Stochastics%K at buying indicates that the stock is to be held.
