Lineage Inc.’s recent filing unveils that its Director Falotico Nancy Joy acquired Company’s shares for reported $0.1 million on Jul 26 ’24. In the deal valued at $78.00 per share,1,300 shares were bought. As a result of this transaction, Falotico Nancy Joy now holds 2,452 shares worth roughly $0.2 million.
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Then, Wentworth Lynn A bought 3,100 shares, generating $241,800 in total proceeds. Upon buying the shares at $78.00, the Director now owns 4,910 shares.
Before that, Crisci Robert bought 10,000 shares. Lineage Inc. shares valued at $780,000 were divested by the Chief Financial Officer at a price of $78.00 per share. As a result of the transaction, Crisci Robert now holds 10,000 shares, worth roughly $0.83 million.
Wells Fargo initiated its Lineage Inc. [LINE] rating to an Equal weight in a research note published on August 19, 2024; the price target was $86. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in mid August with a ‘”a Neutral”‘ rating. Truist began covering LINE with “Buy” recommendation on August 19, 2024. Scotiabank started covering the stock on August 19, 2024. It rated LINE as “a Sector outperform”.
Price Performance Review of LINE
On Friday, Lineage Inc. [NASDAQ:LINE] saw its stock jump 0.97% to $83.25. Over the last five days, the stock has gained 2.77%. Lineage Inc. shares have risen nearly 3.06% since the year began.
Levels Of Support And Resistance For LINE Stock
The 24-hour chart illustrates a support level at 81.96, which if violated will result in even more drops to 80.67. On the upside, there is a resistance level at 84.44. A further resistance level may holdings at 85.63. The Relative Strength Index (RSI) on the 14-day chart is 51.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.65, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.99%. Stochastics %K at 37.39% indicates the stock is a holding.
How much short interest is there in Lineage Inc.?
A steep rise in short interest was recorded in Lineage Inc. stocks on 2024-08-30, growing by 1.29 million shares to a total of 2.35 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 1.05 million shares. There was a rise of 55.08%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on August 19, 2024 when Robert W. Baird began covering the stock and recommended ‘”an Outperform”‘ rating along with a $91 price target.
