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Investing in LuxUrban Hotels Inc (LUXH): What You Must Know

LuxUrban Hotels Inc’s recent filing unveils that its Director Schaefer Kimberly acquired Company’s shares for reported $20000.0 on Jul 18 ’24. In the deal valued at $0.17 per share,117,647 shares were bought. As a result of this transaction, Schaefer Kimberly now holds 238,345 shares worth roughly $16684.15.

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Then, Arigo Robert bought 176,470 shares, generating $30,000 in total proceeds. Upon buying the shares at $0.17, the Chief Executive Officer now owns 926,470 shares.

Before that, BLUTINGER ELAN bought 147,058 shares. LuxUrban Hotels Inc shares valued at $25,000 were divested by the Director at a price of $0.17 per share. As a result of the transaction, BLUTINGER ELAN now holds 2,054,656 shares, worth roughly $0.14 million.

Northland Capital downgraded its LuxUrban Hotels Inc [LUXH] rating to a Market perform from a an Outperform in a research note published recently.

Price Performance Review of LUXH

On Friday, LuxUrban Hotels Inc [NASDAQ:LUXH] saw its stock fall -4.51% to $0.07. Over the last five days, the stock has lost -24.13%. LuxUrban Hotels Inc shares have fallen nearly -98.83% since the year began. Nevertheless, the stocks have fallen -97.55% over the past one year. While a 52-week high of $6.88 was reached on 01/08/24, a 52-week low of $0.07 was recorded on 08/16/24. SMA at 50 days reached $0.1798, while 200 days put it at $2.2783.

Levels Of Support And Resistance For LUXH Stock

The 24-hour chart illustrates a support level at 0.0658, which if violated will result in even more drops to 0.0619. On the upside, there is a resistance level at 0.0741. A further resistance level may holdings at 0.0785. The Relative Strength Index (RSI) on the 14-day chart is 26.54, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0300, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.98%. Stochastics%K at 4.45% indicates the stock is a buying.

How much short interest is there in LuxUrban Hotels Inc?

A steep rise in short interest was recorded in LuxUrban Hotels Inc stocks on 2024-07-31, growing by 0.19 million shares to a total of 1.2 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 1.01 million shares. There was a rise of 15.8%, which implies that there is a positive sentiment for the stock.

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