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. LifeMD Inc shares valued at $14,790 were purchased by Galluppi Stefan on Sep 11 ’24. At $4.93 per share, Galluppi Stefan acquired 3,000 shares. The insider’s holdings grew to 45,449 shares worth approximately $0.21 million following the completion of this transaction.
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Analysts at KeyBanc Capital Markets started covering the stock with ‘”an Overweight”‘ outlook in a report released in early June. As of November 30, 2023, Craig Hallum has initiated its “Buy” rating for LFMD. Earlier on July 21, 2023, Cantor Fitzgerald initiated its rating. Their recommendation was “an Overweight” for LFMD stock.
Analyzing LFMD Stock Performance
During the last five days, there has been a drop of approximately -10.00%. Over the course of the year, LifeMD Inc shares have dropped approximately -43.55%. Shares of the company reached a 52-week high of $12.88 on 05/07/24 and a 52-week low of $4.58 on 10/03/24. A 50-day SMA is recorded $5.44, while a 200-day SMA reached $7.43. Nevertheless, trading volume fell to 1.23 million shares from 0.22 million shares the previous day.
Support And Resistance Levels for LifeMD Inc (LFMD)
According to the 24-hour chart, there is a support level at 4.46, which, if violated, would cause prices to drop to 4.24. In the upper region, resistance lies at 5.02. The next price resistance is at 5.36. RSI (Relative Strength Index) is 39.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.19, which suggests the price will decrease in the coming days. Percent R is at 91.94%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Which companies own the most shares of LifeMD Inc (LFMD)?
On July 03, 2023, H.C. Wainwright assigned a price target of “a Buy” to the stock and initiated coverage with a $9.
