Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. LKQ Corp shares valued at $99,375 were purchased by McKay Matthew J on Jul 29 ’24. At $39.75 per share, McKay Matthew J acquired 2,500 shares. The insider’s holdings grew to 94,670 shares worth approximately $3.73 million following the completion of this transaction.
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Also, Galloway Rick purchased 2,500 shares, netting a total of over 99,700 in proceeds. Following the buying of shares at $39.88 each, the insider now holds 58,126 shares.
Before that, Jude Justin L had added 2,500 shares to its account. In a trade valued at $99,764, the President and CEO bought LKQ Corp shares for $39.91 each. Upon closing the transaction, the insider’s holdings increased to 2,500 shares, worth approximately $8.18 million.
As published in their initiating research note from MKM Partners on July 13, 2022, LKQ Corp [LKQ] has been a Buy and the price target has been revised to $68. Analysts at Barrington Research upgraded the stock from ‘”a Mkt perform”‘ to ‘”an Outperform”‘ outlook in a report released in late April. As of February 17, 2022, Barrington Research has decreased its “an Outperform” rating to a “Mkt perform” for LKQ. Earlier on August 02, 2021, Raymond James upgraded its rating. Their new recommendation was “an Outperform” for LKQ stock which previously was a “a Mkt perform”.
Analyzing LKQ Stock Performance
During the last five days, there has been a surge of approximately 2.58%. Over the course of the year, LKQ Corp shares have dropped approximately -17.56%. Shares of the company reached a 52-week high of $53.68 on 03/28/24 and a 52-week low of $35.57 on 07/25/24. A 50-day SMA is recorded $40.12, while a 200-day SMA reached $44.74. Nevertheless, trading volume fell to 2.31 million shares from 2.17 million shares the previous day.
Support And Resistance Levels for LKQ Corp (LKQ)
According to the 24-hour chart, there is a support level at 39.06, which, if violated, would cause prices to drop to 38.72. In the upper region, resistance lies at 39.63. The next price resistance is at 39.86. RSI (Relative Strength Index) is 48.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.06, which suggests the price will decrease in the coming days. Percent R is at 51.33%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
