Littelfuse, Inc.’s filing revealed that its SVP, CHRO Chu Maggie unloaded Company’s shares for reported $0.34 million on Aug 29 ’24. In the deal valued at $272.96 per share,1,234 shares were sold. As a result of this transaction, Chu Maggie now holds 2,912 shares worth roughly $0.71 million.
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Then, Chu Maggie bought 1,234 shares, generating $336,845 in total proceeds.
Before that, HEINZMANN DAVID W sold 2,091 shares. Littelfuse, Inc. shares valued at $574,291 were divested by the President & CEO at a price of $274.65 per share. As a result of the transaction, HEINZMANN DAVID W now holds 59,654 shares, worth roughly $14.58 million.
Stifel upgraded its Littelfuse, Inc. [LFUS] rating to a Buy from a a Hold in a research note published on August 13, 2024; the price target was increased to $280 from $270. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in early August has reiterated a ‘”a Hold”‘ rating for it. Robert W. Baird also remained covering LFUS and has increased its forecast on May 17, 2024 with a “an Outperform” recommendation from previously “Neutral” rating. Jefferies started covering the stock on April 09, 2024. It rated LFUS as “a Hold”.
Price Performance Review of LFUS
On Tuesday, Littelfuse, Inc. [NASDAQ:LFUS] saw its stock fall -1.78% to $244.47. Over the last five days, the stock has lost -5.03%. Littelfuse, Inc. shares have fallen nearly -8.63% since the year began. Nevertheless, the stocks have fallen -3.27% over the past one year. While a 52-week high of $275.58 was reached on 07/16/24, a 52-week low of $212.80 was recorded on 05/01/24. SMA at 50 days reached $257.77, while 200 days put it at $248.32.
Levels Of Support And Resistance For LFUS Stock
The 24-hour chart illustrates a support level at 242.89, which if violated will result in even more drops to 241.31. On the upside, there is a resistance level at 247.27. A further resistance level may holdings at 250.07. The Relative Strength Index (RSI) on the 14-day chart is 37.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -14.66, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.86%. Stochastics %K at 1.45% indicates the stock is a buying.
How much short interest is there in Littelfuse, Inc.?
A steep rise in short interest was recorded in Littelfuse, Inc. stocks on 2024-08-15, growing by 6191.0 shares to a total of 0.46 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 0.45 million shares. There was a rise of 1.35%, which implies that there is a positive sentiment for the stock.
