Lamar Advertising Co’s recent filing unveils that its Director KOERNER JOHN E III unloaded Company’s shares for reported $2.04 million on May 10 ’24. In the deal valued at $120.05 per share,17,000 shares were sold. As a result of this transaction, KOERNER JOHN E III now holds 32,178 shares worth roughly $3.95 million.
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Then, Johnson Jay LeCoryelle sold 5,000 shares, generating $594,862 in total proceeds. Upon selling the shares at $118.97, the CFO, Treasurer, EVP now owns 10,000 shares.
Before that, Johnson Jay LeCoryelle sold 5,000 shares. Lamar Advertising Co shares valued at $447,496 were divested by the CFO, Treasurer, EVP at a price of $89.50 per share. As a result of the transaction, Johnson Jay LeCoryelle now holds 15,000 shares, worth roughly $1.84 million.
TD Cowen initiated its Lamar Advertising Co [LAMR] rating to a Buy in a research note published on July 16, 2024; the price target was $135. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in mid July from “a Buy” to “a Neutral”. Citigroup also remained covering LAMR and has increased its forecast on July 07, 2022 with a “Buy” recommendation from previously “Neutral” rating. Morgan Stanley revised its rating on June 10, 2022. It rated LAMR as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of LAMR
On Tuesday, Lamar Advertising Co [NASDAQ:LAMR] saw its stock jump 0.30% to $122.79. Over the last five days, the stock has gained 3.34%. Lamar Advertising Co shares have risen nearly 15.53% since the year began. Nevertheless, the stocks have risen 37.55% over the past one year. While a 52-week high of $123.76 was reached on 08/26/24, a 52-week low of $77.21 was recorded on 01/04/24. SMA at 50 days reached $118.22, while 200 days put it at $112.29.
Levels Of Support And Resistance For LAMR Stock
The 24-hour chart illustrates a support level at 121.78, which if violated will result in even more drops to 120.78. On the upside, there is a resistance level at 123.63. A further resistance level may holdings at 124.47. The Relative Strength Index (RSI) on the 14-day chart is 64.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.39, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.03%. Stochastics%K at 91.58% indicates the stock is a selling.
How much short interest is there in Lamar Advertising Co?
A steep rise in short interest was recorded in Lamar Advertising Co stocks on 2024-07-31, dropping by -0.45 million shares to a total of 2.22 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 2.67 million shares. There was a decline of -20.15%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 29, 2022 when Wolfe Research began covering the stock and recommended ‘”a Peer perform”‘ rating along with a $131 price target.
