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Raymond James upgrades Liquidia Corp (LQDA) rating to a Strong buy

Liquidia Corp’s recent filing unveils that its Director Manning Paul B acquired Company’s shares for reported $3.0 million on Sep 12 ’24. In the deal valued at $8.90 per share,337,078 shares were bought. As a result of this transaction, Manning Paul B now holds 816,311 shares worth roughly $8.12 million.

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Then, Caligan Partners LP bought 150,000 shares, generating $1,426,500 in total proceeds. Upon buying the shares at $9.51, the Director now owns 6,994,997 shares.

Before that, Caligan Partners LP sold 150,000 shares. Liquidia Corp shares valued at $1,426,500 were divested by the Director at a price of $9.51 per share. As a result of the transaction, Caligan Partners LP now holds 6,844,997 shares, worth roughly $68.11 million.

Raymond James upgraded its Liquidia Corp [LQDA] rating to a Strong buy from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Raymond James’s analysts, who began to cover the stock in mid August with a ‘”an Outperform”‘ rating. Oppenheimer began covering LQDA with “Perform” recommendation on June 25, 2024. Needham maintained its rating on January 05, 2024. It rated LQDA as “a Buy”.

Price Performance Review of LQDA

On Friday, Liquidia Corp [NASDAQ:LQDA] saw its stock fall -3.12% to $9.95. Over the last five days, the stock has gained 1.58%. Liquidia Corp shares have fallen nearly -17.29% since the year began. Nevertheless, the stocks have risen 58.44% over the past one year. While a 52-week high of $16.99 was reached on 03/22/24, a 52-week low of $5.71 was recorded on 08/19/24. SMA at 50 days reached $10.81, while 200 days put it at $12.42.

Levels Of Support And Resistance For LQDA Stock

The 24-hour chart illustrates a support level at 9.83, which if violated will result in even more drops to 9.71. On the upside, there is a resistance level at 10.16. A further resistance level may holdings at 10.37. The Relative Strength Index (RSI) on the 14-day chart is 48.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 35.48%. Stochastics %K at 69.53% indicates the stock is a holding.

How much short interest is there in Liquidia Corp?

A steep rise in short interest was recorded in Liquidia Corp stocks on 2024-08-30, dropping by -0.62 million shares to a total of 12.26 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 12.87 million shares. There was a decline of -5.05%, which implies that there is a negative sentiment for the stock.

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