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Life360 Inc. [LIF] Investment Appeal on the Rise

Life360 Inc.’s recently made public that its Director Haro Alex unloaded Company’s shares for reported $9.79 million on Jun 17 ’24. In the deal valued at $27.00 per share,362,580 shares were sold. As a result of this transaction, Haro Alex now holds 958,601 shares worth roughly $34.25 million.

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Then, Hulls Chris sold 113,890 shares, generating $3,075,030 in total proceeds. Upon selling the shares at $27.00, the Chief Executive Officer now owns 1,825,652 shares.

Before that, Prober Charles J. sold 111,550 shares. Life360 Inc. shares valued at $3,011,850 were divested by the Director at a price of $27.00 per share. As a result of the transaction, Prober Charles J. now holds 112,742 shares, worth roughly $4.03 million.

Jefferies initiated its Life360 Inc. [LIF] rating to a Buy in a research note published on August 09, 2024; the price target was $43. A number of analysts have revised their coverage, including Stifel’s analysts, who began to cover the stock in early July with a ‘”a Buy”‘ rating. JMP Securities began covering LIF with “Mkt outperform” recommendation on June 20, 2024. Loop Capital started covering the stock on June 17, 2024. It rated LIF as “a Buy”.

Price Performance Review of LIF

On Tuesday, Life360 Inc. [NASDAQ:LIF] saw its stock jump 5.12% to $35.73. Over the last five days, the stock has gained 16.92%. Life360 Inc. shares have risen nearly 32.33% since the year began.

Levels Of Support And Resistance For LIF Stock

The 24-hour chart illustrates a support level at 34.29, which if violated will result in even more drops to 32.84. On the upside, there is a resistance level at 36.93. A further resistance level may holdings at 38.12. The Relative Strength Index (RSI) on the 14-day chart is 60.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.57, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.43%. Stochastics%K at 75.32% indicates the stock is a holding.

How much short interest is there in Life360 Inc.?

A steep rise in short interest was recorded in Life360 Inc. stocks on , dropping by -0.18 million shares to a total of 0.16 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 0.33 million shares. There was a decline of -113.49%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on June 17, 2024 when Evercore ISI began covering the stock and recommended ‘”an Outperform”‘ rating along with a $37 price target.

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