LyondellBasell Industries NV’s filing revealed that its EVP, Ops Excellence, HSE Friedrichs Dale D unloaded Company’s shares for reported $0.48 million on Aug 20 ’24. In the deal valued at $96.78 per share,4,970 shares were sold. As a result of this transaction, Friedrichs Dale D now holds 34,220 shares worth roughly $3.22 million.
Then, DALE FRIEDRICHS bought 4,970 shares, generating $480,997 in total proceeds.
Before that, Buchanan Robin W.T. sold 18,111 shares. LyondellBasell Industries NV shares valued at $1,819,427 were divested by the Director at a price of $100.46 per share. As a result of the transaction, Buchanan Robin W.T. now holds 12,276 shares, worth roughly $1.16 million.
Wolfe Research initiated its LyondellBasell Industries NV [LYB] rating to an Underperform in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early February from “a Neutral” to “an Overweight”. Deutsche Bank also remained covering LYB and has decreased its forecast on January 10, 2024 with a “Hold” recommendation from previously “Buy” rating. Vertical Research revised its rating on January 03, 2024. It rated LYB as “a Buy” which previously was an “a Hold”.
Price Performance Review of LYB
On Tuesday, LyondellBasell Industries NV [NYSE:LYB] saw its stock fall -1.35% to $94.10. Over the last five days, the stock has lost -1.78%. LyondellBasell Industries NV shares have fallen nearly -1.03% since the year began. Nevertheless, the stocks have risen 3.87% over the past one year. While a 52-week high of $107.02 was reached on 05/08/24, a 52-week low of $88.46 was recorded on 08/05/24. SMA at 50 days reached $95.82, while 200 days put it at $97.34.
Levels Of Support And Resistance For LYB Stock
The 24-hour chart illustrates a support level at 93.65, which if violated will result in even more drops to 93.19. On the upside, there is a resistance level at 94.58. A further resistance level may holdings at 95.05. The Relative Strength Index (RSI) on the 14-day chart is 45.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.13%. Stochastics %K at 51.19% indicates the stock is a holding.
How much short interest is there in LyondellBasell Industries NV?
A steep rise in short interest was recorded in LyondellBasell Industries NV stocks on 2024-09-13, growing by 0.92 million shares to a total of 4.65 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 3.73 million shares. There was a rise of 19.88%, which implies that there is a positive sentiment for the stock.
