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Potential Price Increase for Landsea Homes Corporation (LSEA) After Recent Insider Activity

Landsea Homes Corporation’s recently made public that its Director Farhat Elias unloaded Company’s shares for reported $0.72 million on Aug 23 ’24. In the deal valued at $12.07 per share,60,000 shares were sold. As a result of this transaction, Farhat Elias now holds 272,685 shares worth roughly $3.37 million.

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Then, Elias Farhat bought 60,000 shares, generating $724,136 in total proceeds.

Before that, JOHN AND JOANNE HO FOUNDATION bought 100,935 shares. Landsea Homes Corporation shares valued at $1,110,759 were divested by the Officer at a price of $11.00 per share.

Oppenheimer initiated its Landsea Homes Corporation [LSEA] rating to an Outperform in a research note published on May 31, 2024; the price target was $14. A number of analysts have revised their coverage, including Wedbush’s analysts, who began to cover the stock in late June with a ‘”a Neutral”‘ rating. BTIG Research began covering LSEA with “Neutral” recommendation on September 15, 2022. Barclays started covering the stock on February 05, 2021. It rated LSEA as “an Equal weight”.

Price Performance Review of LSEA

On Monday, Landsea Homes Corporation [NASDAQ:LSEA] saw its stock fall -0.64% to $12.35. Over the last five days, the stock has lost -3.21%. Landsea Homes Corporation shares have fallen nearly -6.01% since the year began. Nevertheless, the stocks have risen 34.68% over the past one year. SMA at 50 days reached $11.90, while 200 days put it at $11.60.

Levels Of Support And Resistance For LSEA Stock

The 24-hour chart illustrates a support level at 12.16, which if violated will result in even more drops to 11.98. On the upside, there is a resistance level at 12.50. A further resistance level may holdings at 12.66. 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 -0.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.45%. Stochastics %K at 38.55% indicates the stock is a holding.

How much short interest is there in Landsea Homes Corporation?

A steep rise in short interest was recorded in Landsea Homes Corporation stocks on 2024-09-13, growing by 0.14 million shares to a total of 1.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 1.29 million shares. There was a rise of 9.91%, which implies that there is a positive sentiment for the stock.

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