The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Five Point Holdings LLC shares valued at $28,119,898 were sold by Luxor Capital Group, LP on Sep 24 ’24. At $3.13 per share, Luxor Capital Group, LP sold 8,990,369 shares. The insider’s holdings dropped to 4,248 shares worth approximately $18181.440000000002 following the completion of this transaction.
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Also, Luxor Capital Group, LP sold 2,353 shares, netting a total of over 7,943 in proceeds. Following the sale of shares at $3.38 each, the insider now holds 53,841 shares.
Before that, Luxor Capital Group, LP had sold 67,189 shares from its account. In a trade valued at $228,800, the 10% Owner traded Five Point Holdings LLC shares for $3.41 each. Upon closing the transaction, the insider’s holdings decreased to 67,189 shares, worth approximately $0.23 million.
As published in a research note from Citigroup on June 19, 2018, Five Point Holdings LLC [FPH] has been rated down from a Buy to a Neutral and the price target has been revised to $12 from $20.
Analyzing FPH Stock Performance
During the last five days, there has been a surge of approximately 19.89%. Over the course of the year, Five Point Holdings LLC shares have jumped approximately 39.41%. Shares of the company reached a 52-week high of $4.39 on 10/02/24 and a 52-week low of $2.60 on 01/09/24. A 50-day SMA is recorded $3.30, while a 200-day SMA reached $3.15. Nevertheless, trading volume fell to 0.92 million shares from 0.39 million shares the previous day.
Support And Resistance Levels for Five Point Holdings LLC (FPH)
According to the 24-hour chart, there is a support level at 4.21, which, if violated, would cause prices to drop to 4.14. In the upper region, resistance lies at 4.34. The next price resistance is at 4.40. RSI (Relative Strength Index) is 80.21 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.55, which suggests the price will decrease in the coming days. Percent R is at 8.70%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
