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Lake Street initates Limbach Holdings Inc (LMB) stock to a Buy

Limbach Holdings Inc’s filing revealed that its Shareholder (1) Palm Global Small Cap Master F acquired Company’s shares for reported $4.45 million on Aug 13 ’24. In the deal valued at $59.31 per share,75,000 shares were bought.

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Then, Horowitz Joshua sold 7,000 shares, generating $399,494 in total proceeds. Upon selling the shares at $57.07, the Director now owns 249,672 shares.

Before that, Brooks Jayme L. bought 943 shares. Limbach Holdings Inc shares valued at $49,178 were divested by the Chief Financial Officer at a price of $52.15 per share. As a result of the transaction, Brooks Jayme L. now holds 4,511 shares, worth roughly $0.27 million.

Lake Street initiated its Limbach Holdings Inc [LMB] rating to a Buy in a research note published on March 05, 2021; the price target was $19. A number of analysts have revised their coverage, including DA Davidson’s analysts, who decreased its forecast for the stock in late January from “a Buy” to “a Neutral”. ROTH Capital also remained covering LMB and has increased its forecast on April 17, 2019 with a “Buy” recommendation from previously “Neutral” rating. ROTH Capital revised its rating on November 21, 2018. It rated LMB as “a Neutral” which previously was an “a Buy”.

Price Performance Review of LMB

On Tuesday, Limbach Holdings Inc [NASDAQ:LMB] saw its stock jump 4.72% to $59.86. Over the last five days, the stock has gained 6.42%. Limbach Holdings Inc shares have risen nearly 31.65% since the year began. Nevertheless, the stocks have risen 82.50% over the past one year. While a 52-week high of $66.64 was reached on 07/17/24, a 52-week low of $26.76 was recorded on 01/18/24. SMA at 50 days reached $58.33, while 200 days put it at $46.70.

Levels Of Support And Resistance For LMB Stock

The 24-hour chart illustrates a support level at 58.35, which if violated will result in even more drops to 56.85. On the upside, there is a resistance level at 60.69. A further resistance level may holdings at 61.53. The Relative Strength Index (RSI) on the 14-day chart is 51.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 31.92%. Stochastics%K at 61.77% indicates the stock is a holding.

How much short interest is there in Limbach Holdings Inc?

A steep rise in short interest was recorded in Limbach Holdings Inc stocks on , dropping by 82515.0 shares to a total of 0.64 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 0.73 million shares. There was a decline of -12.8%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on March 06, 2017 when ROTH Capital began covering the stock and recommended ‘”a Buy”‘ rating along with a $17.50 price target.

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