Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Lemonade Inc shares valued at $37,392 were sold by BIXBY TIMOTHY E on Sep 10 ’24. At $18.24 per share, BIXBY TIMOTHY E sold 2,050 shares. The insider’s holdings dropped to 271,552 shares worth approximately $4.95 million following the completion of this transaction.
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Also, BIXBY TIMOTHY E purchased 2,050 shares, netting a total of over 37,382 in proceeds.
Before that, Peters John Sheldon had sold 1,547 shares from its account. In a trade valued at $29,145, the Chief Insurance Officer traded Lemonade Inc shares for $18.84 each. Upon closing the transaction, the insider’s holdings decreased to 1,547 shares, worth approximately $1.64 million.
As published in their initiating research note from TD Cowen on January 10, 2024, Lemonade Inc [LMND] has been a Market perform and the price target has been revised to $17. Analysts at Oppenheimer downgraded the stock from ‘”an Outperform”‘ to ‘”a Perform”‘ outlook in a report released in early December. As of June 20, 2023, Morgan Stanley has initiated its “an Underweight” rating for LMND. Earlier on January 20, 2023, BMO Capital Markets initiated its rating. Their recommendation was “an Underperform” for LMND stock.
Analyzing LMND Stock Performance
During the last five days, there has been a surge of approximately 5.01%. Over the course of the year, Lemonade Inc shares have jumped approximately 12.96%. Shares of the company reached a 52-week high of $24.55 on 07/18/24 and a 52-week low of $14.03 on 06/17/24. A 50-day SMA is recorded $18.70, while a 200-day SMA reached $17.32. Nevertheless, trading volume fell to 0.96 million shares from 0.7 million shares the previous day.
Support And Resistance Levels for Lemonade Inc (LMND)
According to the 24-hour chart, there is a support level at 17.82, which, if violated, would cause prices to drop to 17.41. In the upper region, resistance lies at 18.78. The next price resistance is at 19.33. RSI (Relative Strength Index) is 51.58 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.05, which suggests the price will decrease in the coming days. Percent R is at 55.71%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
