The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Louisiana-Pacific Corp. shares valued at $76,880 were sold by HORTON OZEY K JR on Aug 09 ’24. At $96.10 per share, HORTON OZEY K JR sold 800 shares. The insider’s holdings dropped to 29,008 shares worth approximately $2.73 million following the completion of this transaction.
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Also, HORTON OZEY K JR purchased 800 shares, netting a total of over 76,650 in proceeds.
Before that, Gottung Lizanne C had sold 3,591 shares from its account. In a trade valued at $320,239, the Director traded Louisiana-Pacific Corp. shares for $89.18 each. Upon closing the transaction, the insider’s holdings decreased to 3,591 shares, worth approximately $2.21 million.
As published in a research note from BMO Capital Markets on August 08, 2024, Louisiana-Pacific Corp. [LPX] has been rated down from an Outperform to a Market perform and the price target has been revised to $99. Analysts at Goldman downgraded the stock from ‘”a Neutral”‘ to ‘”a Sell”‘ outlook in a report released in mid June. As of May 09, 2024, Seaport Research Partners has decreased its “Buy” rating to a “Neutral” for LPX. Earlier on May 03, 2024, Loop Capital initiated its rating. Their recommendation was “a Hold” for LPX stock.
Analyzing LPX Stock Performance
During the last five days, there has been a drop of approximately -0.87%. Over the course of the year, Louisiana-Pacific Corp. shares have jumped approximately 32.83%. Shares of the company reached a 52-week high of $101.89 on 08/07/24 and a 52-week low of $63.76 on 02/05/24. A 50-day SMA is recorded $89.70, while a 200-day SMA reached $76.44. Nevertheless, trading volume fell to 0.56 million shares from 0.65 million shares the previous day.
Support And Resistance Levels for Louisiana-Pacific Corp. (LPX)
According to the 24-hour chart, there is a support level at 93.07, which, if violated, would cause prices to drop to 92.06. In the upper region, resistance lies at 95.95. The next price resistance is at 97.82. RSI (Relative Strength Index) is 54.17 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.17, which suggests the price will decrease in the coming days. Percent R is at 56.51%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
