In a filing, Lyft Inc revealed its Director Zimmer John Patrick unloaded Company’s shares for reported $27440.0 on Sep 16 ’24. In the deal valued at $11.32 per share,2,424 shares were sold. As a result of this transaction, Zimmer John Patrick now holds 929,638 shares worth roughly $11.61 million.
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Then, Llewellyn Lindsay Catherine sold 4,243 shares, generating $50,916 in total proceeds. Upon selling the shares at $12.00, the CHIEF LEGAL OFFICER, SECRETARY now owns 760,089 shares.
Before that, JOHN ZIMMER bought 2,424 shares. Lyft Inc shares valued at $27,512 were divested by the Director at a price of $11.35 per share.
A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in early September with a ‘”a Neutral”‘ rating. Nomura also remained covering LYFT and has increased its forecast on August 23, 2024 with a “Neutral” recommendation from previously “Reduce” rating. Melius started covering the stock on July 22, 2024. It rated LYFT as “a Hold”.
Price Performance Review of LYFT
On Tuesday, Lyft Inc [NASDAQ:LYFT] saw its stock fall -2.04% to $12.49. Over the last five days, the stock has lost -6.30%. Lyft Inc shares have fallen nearly -16.68% since the year began. Nevertheless, the stocks have risen 18.50% 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 $11.60, while 200 days put it at $14.52.
Levels Of Support And Resistance For LYFT Stock
The 24-hour chart illustrates a support level at 12.31, which if violated will result in even more drops to 12.13. On the upside, there is a resistance level at 12.75. A further resistance level may holdings at 13.01. The Relative Strength Index (RSI) on the 14-day chart is 54.17, 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 47.27%. Stochastics %K at 61.65% 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 2024-09-13, dropping by -2.7 million shares to a total of 48.35 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 51.05 million shares. There was a decline of -5.58%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 16, 2024 when Wolfe Research began covering the stock and recommended ‘”a Peer perform”‘ rating .
