Lakeland Industries, Inc.’s recent filing unveils that its President, CEO & Exec. Chair Jenkins James M. acquired Company’s shares for reported $49998.0 on Jun 10 ’24. In the deal valued at $23.98 per share,2,085 shares were bought. As a result of this transaction, Jenkins James M. now holds 75,728 shares worth roughly $1.46 million.
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Maxim Group initiated its Lakeland Industries, Inc. [LAKE] rating to a Buy in a research note published on April 24, 2024; the price target was $22. A number of analysts have revised their coverage, including The Benchmark Company’s analysts, who began to cover the stock in early June with a ‘”a Buy”‘ rating. ROTH Capital started covering the stock on August 23, 2017. It rated LAKE as “a Buy”.
Price Performance Review of LAKE
On Tuesday, Lakeland Industries, Inc. [NASDAQ:LAKE] saw its stock fall -1.18% to $19.34. Over the last five days, the stock has lost -18.67%. Lakeland Industries, Inc. shares have risen nearly 4.31% since the year began. Nevertheless, the stocks have risen 27.83% over the past one year. While a 52-week high of $26.10 was reached on 08/19/24, a 52-week low of $13.86 was recorded on 04/16/24. SMA at 50 days reached $23.05, while 200 days put it at $19.03.
Levels Of Support And Resistance For LAKE Stock
The 24-hour chart illustrates a support level at 18.55, which if violated will result in even more drops to 17.75. On the upside, there is a resistance level at 19.99. A further resistance level may holdings at 20.63. The Relative Strength Index (RSI) on the 14-day chart is 24.18, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.93, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.36%. Stochastics %K at 6.84% indicates the stock is a buying.
How much short interest is there in Lakeland Industries, Inc.?
A steep rise in short interest was recorded in Lakeland Industries, Inc. stocks on 2024-08-15, growing by 34694.0 shares to a total of 0.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 88227.0 shares. There was a rise of 28.22%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on February 10, 2016 when Singular Research began covering the stock and recommended ‘”a Buy”‘ rating along with a $17.50 price target.
