Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Laureate Education Inc shares valued at $20,595 were sold by Knauer Gerard M. on Jun 03 ’24. At $15.78 per share, Knauer Gerard M. sold 1,305 shares. The insider’s holdings dropped to 16,628 shares worth approximately $0.29 million following the completion of this transaction.
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Also, del Corro Pedro sold 5,957 shares, netting a total of over 97,159 in proceeds. Following the sale of shares at $16.31 each, the insider now holds 0 shares.
Before that, Snow Ian Kendell had sold 2,114,928 shares from its account. In a trade valued at $30,962,546, the Director traded Laureate Education Inc shares for $14.64 each. Upon closing the transaction, the insider’s holdings decreased to 2,114,928 shares, worth approximately $0.0.
As published in a research note from Morgan Stanley on July 26, 2024, Laureate Education Inc [LAUR] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $17. Analysts at Jefferies started covering the stock with ‘”a Buy”‘ outlook in a report released in early October. As of August 07, 2023, Morgan Stanley has increased its “an Equal-weight” rating to a “an Overweight” for LAUR. Earlier on May 08, 2023, Morgan Stanley downgraded its rating. Their new recommendation was “an Equal-weight” for LAUR stock which previously was a “an Overweight”.
Analyzing LAUR Stock Performance
During the last five days, there has been a surge of approximately 11.70%. Over the course of the year, Laureate Education Inc shares have jumped approximately 25.31%. Shares of the company reached a 52-week high of $18.39 on 10/31/24 and a 52-week low of $12.45 on 01/11/24. A 50-day SMA is recorded $15.74, while a 200-day SMA reached $14.73. Nevertheless, trading volume fell to 1.2 million shares from 0.42 million shares the previous day.
Support And Resistance Levels for Laureate Education Inc (LAUR)
According to the 24-hour chart, there is a support level at 16.68, which, if violated, would cause prices to drop to 16.18. In the upper region, resistance lies at 18.03. The next price resistance is at 18.89. RSI (Relative Strength Index) is 70.99 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.41, which suggests the price will decrease in the coming days. Percent R is at 37.35%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
