Lantronix Inc’s filing revealed that its 10% Owner BRUSCHA BERNHARD unloaded Company’s shares for reported $96651.0 on Jul 31 ’24. In the deal valued at $4.04 per share,23,949 shares were sold. As a result of this transaction, BRUSCHA BERNHARD now holds 5,381,471 shares worth roughly $18.35 million.
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Then, BRUSCHA BERNHARD sold 1,051 shares, generating $4,225 in total proceeds. Upon selling the shares at $4.02, the 10% Owner now owns 5,405,420 shares.
Before that, BRACE PHILIP G bought 20,000 shares. Lantronix Inc shares valued at $71,800 were divested by the Director at a price of $3.59 per share. As a result of the transaction, BRACE PHILIP G now holds 47,000 shares, worth roughly $0.16 million.
Needham reiterated its Lantronix Inc [LTRX] rating to a Buy in a research note published on March 12, 2024; the price target was $7. A number of analysts have revised their coverage, including Needham’s analysts, who remained covering the stock and in early February has reiterated a ‘”a Buy”‘ rating for it. Canaccord Genuity began covering LTRX with “Buy” recommendation on February 14, 2022. Craig Hallum started covering the stock on October 12, 2021. It rated LTRX as “a Buy”.
Price Performance Review of LTRX
On Tuesday, Lantronix Inc [NASDAQ:LTRX] saw its stock fall -1.73% to $3.41. Over the last five days, the stock has lost -8.09%. Lantronix Inc shares have fallen nearly -41.81% since the year began. Nevertheless, the stocks have fallen -19.76% over the past one year. While a 52-week high of $6.95 was reached on 01/16/24, a 52-week low of $3.08 was recorded on 04/19/24. SMA at 50 days reached $3.73, while 200 days put it at $4.40.
Levels Of Support And Resistance For LTRX Stock
The 24-hour chart illustrates a support level at 3.33, which if violated will result in even more drops to 3.24. On the upside, there is a resistance level at 3.54. A further resistance level may holdings at 3.66. The Relative Strength Index (RSI) on the 14-day chart is 37.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.01%. Stochastics%K at 9.55% indicates the stock is a buying.
How much short interest is there in Lantronix Inc?
A steep rise in short interest was recorded in Lantronix Inc stocks on
The most recent change occurred on July 08, 2021 when Needham began covering the stock and recommended ‘”a Buy”‘ rating along with a $6.50 price target.
