Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Lyft Inc shares valued at $27,440 were sold by Zimmer John Patrick on Sep 16 ’24. At $11.32 per share, Zimmer John Patrick sold 2,424 shares. The insider’s holdings dropped to 929,638 shares worth approximately $11.65 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Llewellyn Lindsay Catherine sold 4,243 shares, netting a total of over 50,916 in proceeds. Following the sale of shares at $12.00 each, the insider now holds 760,089 shares.
Before that, JOHN ZIMMER had added 2,424 shares to its account. In a trade valued at $27,512, the Director bought Lyft Inc shares for $11.35 each.
As published in their initiating research note from Cantor Fitzgerald on September 05, 2024, Lyft Inc [LYFT] has been a Neutral and the price target has been revised to $13. Analysts at Nomura upgraded the stock from ‘”a Reduce”‘ to ‘”a Neutral”‘ outlook in a report released in late August. As of July 22, 2024, Melius has initiated its “Hold” rating for LYFT. Earlier on July 16, 2024, Wolfe Research initiated its rating. Their recommendation was “a Peer perform” for LYFT stock.
Analyzing LYFT Stock Performance
During the last five days, there has been a surge of approximately 7.83%. Over the course of the year, Lyft Inc shares have dropped approximately -16.41%. Shares of the company reached a 52-week high of $20.82 on 03/21/24 and a 52-week low of $8.93 on 08/07/24. A 50-day SMA is recorded $11.59, while a 200-day SMA reached $14.53. Nevertheless, trading volume fell to 11.13 million shares from 14.68 million shares the previous day.
Support And Resistance Levels for Lyft Inc (LYFT)
According to the 24-hour chart, there is a support level at 12.36, which, if violated, would cause prices to drop to 12.20. In the upper region, resistance lies at 12.74. The next price resistance is at 12.96. RSI (Relative Strength Index) is 61.20 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.72, which suggests the price will decrease in the coming days. Percent R is at 11.98%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
