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. Liquidia Corp shares valued at $28,613 were sold by Schundler Russell on Oct 14 ’24. At $11.11 per share, Schundler Russell sold 2,576 shares. The insider’s holdings dropped to 486,048 shares worth approximately $5.57 million following the completion of this transaction.
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Also, Saggar Rajeev sold 2,260 shares, netting a total of over 25,103 in proceeds. Following the sale of shares at $11.11 each, the insider now holds 207,383 shares.
Before that, Moomaw Scott had sold 1,527 shares from its account. In a trade valued at $16,961, the Chief Commercial Officer traded Liquidia Corp shares for $11.11 each. Upon closing the transaction, the insider’s holdings decreased to 1,527 shares, worth approximately $1.75 million.
As published in their initiating research note from Scotiabank on October 16, 2024, Liquidia Corp [LQDA] has been a Sector outperform. Analysts at Raymond James upgraded the stock from ‘”an Outperform”‘ to ‘”a Strong buy”‘ outlook in a report released in mid August. As of August 16, 2024, Raymond James has initiated its “an Outperform” rating for LQDA. Earlier on June 25, 2024, Oppenheimer initiated its rating. Their recommendation was “a Perform” for LQDA stock.
Analyzing LQDA Stock Performance
During the last five days, there has been a surge of approximately 3.80%. Over the course of the year, Liquidia Corp shares have dropped approximately -4.74%. Shares of the company reached a 52-week high of $16.99 on 03/22/24 and a 52-week low of $8.26 on 08/19/24. A 50-day SMA is recorded $10.46, while a 200-day SMA reached $12.57. Nevertheless, trading volume fell to 0.71 million shares from 1.27 million shares the previous day.
Support And Resistance Levels for Liquidia Corp (LQDA)
According to the 24-hour chart, there is a support level at 11.26, which, if violated, would cause prices to drop to 11.05. In the upper region, resistance lies at 11.73. The next price resistance is at 12.01. RSI (Relative Strength Index) is 63.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.68, which suggests the price will decrease in the coming days. Percent R is at 18.97%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
