Louisiana-Pacific Corp.’s recent filing unveils that its Director Gottung Lizanne C unloaded Company’s shares for reported $0.25 million on Sep 16 ’24. In the deal valued at $98.30 per share,2,500 shares were sold. As a result of this transaction, Gottung Lizanne C now holds 21,005 shares worth roughly $-2.18 million.
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Then, LIZANNE GOTTUNG bought 5,000 shares, generating $489,600 in total proceeds.
Before that, Southern William Bradley sold 32,600 shares. Louisiana-Pacific Corp. shares valued at $3,046,144 were divested by the Chief Executive Officer at a price of $93.44 per share. As a result of the transaction, Southern William Bradley now holds 596,886 shares, worth roughly $62.01 million.
BMO Capital Markets downgraded its Louisiana-Pacific Corp. [LPX] rating to a Market perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Goldman’s analysts, who decreased its forecast for the stock in mid June from “a Neutral” to “a Sell”. Seaport Research Partners also remained covering LPX and has decreased its forecast on May 09, 2024 with a “Neutral” recommendation from previously “Buy” rating. Loop Capital started covering the stock on May 03, 2024. It rated LPX as “a Hold”.
Price Performance Review of LPX
On Monday, Louisiana-Pacific Corp. [NYSE:LPX] saw its stock fall -0.77% to $103.89. Over the last five days, the stock has lost -3.99%. Louisiana-Pacific Corp. shares have risen nearly 46.68% since the year began. Nevertheless, the stocks have risen 102.28% over the past one year. While a 52-week high of $109.73 was reached on 10/01/24, a 52-week low of $49.47 was recorded on 02/05/24. SMA at 50 days reached $99.27, while 200 days put it at $84.44.
Levels Of Support And Resistance For LPX Stock
The 24-hour chart illustrates a support level at 103.40, which if violated will result in even more drops to 102.91. On the upside, there is a resistance level at 104.54. A further resistance level may holdings at 105.19. The Relative Strength Index (RSI) on the 14-day chart is 51.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.65%. Stochastics %K at 8.49% indicates the stock is a buying.
How much short interest is there in Louisiana-Pacific Corp.?
A steep rise in short interest was recorded in Louisiana-Pacific Corp. stocks on 2024-09-30, growing by 0.14 million shares to a total of 2.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.44 million shares. There was a rise of 5.54%, which implies that there is a positive sentiment for the stock.
