Lyft Inc’s recently made public that its Officer Llewellyn Lindsay Catherine acquired Company’s shares for reported $50916.0 on Sep 12 ’24. In the deal valued at $12.00 per share,4,243 shares were bought.
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Then, Green Logan sold 10,323 shares, generating $119,960 in total proceeds. Upon selling the shares at $11.62, the Director now owns 330,790 shares.
Before that, Llewellyn Lindsay Catherine sold 8,486 shares. Lyft Inc shares valued at $99,795 were divested by the CHIEF LEGAL OFFICER, SECRETARY at a price of $11.76 per share. As a result of the transaction, Llewellyn Lindsay Catherine now holds 764,332 shares, worth roughly $8.68 million.
Cantor Fitzgerald initiated its Lyft Inc [LYFT] rating to a Neutral in a research note published on September 05, 2024; the price target was $13. A number of analysts have revised their coverage, including Nomura’s analysts, who increased its forecast for the stock in late August from “a Reduce” to “a Neutral”. Melius began covering LYFT with “Hold” recommendation on July 22, 2024. Wolfe Research started covering the stock on July 16, 2024. It rated LYFT as “a Peer perform”.
Price Performance Review of LYFT
On Friday, Lyft Inc [NASDAQ:LYFT] saw its stock fall -2.32% to $11.35. Over the last five days, the stock has gained 2.62%. Lyft Inc shares have fallen nearly -24.28% since the year began. Nevertheless, the stocks have risen 0.71% over the past one year. While a 52-week high of $20.82 was reached on 03/21/24, a 52-week low of $8.85 was recorded on 08/07/24. SMA at 50 days reached $11.68, while 200 days put it at $14.53.
Levels Of Support And Resistance For LYFT Stock
The 24-hour chart illustrates a support level at 11.09, which if violated will result in even more drops to 10.82. On the upside, there is a resistance level at 11.57. A further resistance level may holdings at 11.78. The Relative Strength Index (RSI) on the 14-day chart is 48.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.66%. Stochastics %K at 72.61% indicates the stock is a holding.
How much short interest is there in Lyft Inc?
A steep rise in short interest was recorded in Lyft Inc stocks on 2024-08-30, dropping by -0.86 million shares to a total of 46.75 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 47.61 million shares. There was a decline of -1.85%, which implies that there is a negative sentiment for the stock.
