Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Louisiana-Pacific Corp. shares valued at $245,750 were sold by Gottung Lizanne C on Sep 16 ’24. At $98.30 per share, Gottung Lizanne C sold 2,500 shares. The insider’s holdings dropped to 21,005 shares worth approximately $2.19 million following the completion of this transaction.
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Also, LIZANNE GOTTUNG purchased 5,000 shares, netting a total of over 489,600 in proceeds.
Before that, Southern William Bradley had sold 32,600 shares from its account. In a trade valued at $3,046,144, the Chief Executive Officer traded Louisiana-Pacific Corp. shares for $93.44 each. Upon closing the transaction, the insider’s holdings decreased to 32,600 shares, worth approximately $62.1 million.
As published in a research note from BMO Capital Markets on August 08, 2024, Louisiana-Pacific Corp. [LPX] has been rated down from an Outperform to a Market perform and the price target has been revised to $99. Analysts at Goldman downgraded the stock from ‘”a Neutral”‘ to ‘”a Sell”‘ outlook in a report released in mid June. As of May 09, 2024, Seaport Research Partners has decreased its “Buy” rating to a “Neutral” for LPX. Earlier on May 03, 2024, Loop Capital initiated its rating. Their recommendation was “a Hold” for LPX stock.
Analyzing LPX Stock Performance
During the last five days, there has been a drop of approximately -2.38%. Over the course of the year, Louisiana-Pacific Corp. shares have jumped approximately 46.89%. Shares of the company reached a 52-week high of $109.73 on 10/01/24 and a 52-week low of $63.76 on 02/05/24. A 50-day SMA is recorded $98.93, while a 200-day SMA reached $84.11. Nevertheless, trading volume fell to 1.07 million shares from 0.64 million shares the previous day.
Support And Resistance Levels for Louisiana-Pacific Corp. (LPX)
According to the 24-hour chart, there is a support level at 103.15, which, if violated, would cause prices to drop to 102.25. In the upper region, resistance lies at 105.56. The next price resistance is at 107.07. RSI (Relative Strength Index) is 52.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.85, which suggests the price will decrease in the coming days. Percent R is at 95.47%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
