Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Liquidia Corp shares valued at $28,266 were sold by Saggar Rajeev on Oct 18 ’24. At $11.19 per share, Saggar Rajeev sold 2,526 shares. The insider’s holdings dropped to 204,857 shares worth approximately $2.22 million following the completion of this transaction.
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Also, Schundler Russell sold 2,576 shares, netting a total of over 28,613 in proceeds. Following the sale of shares at $11.11 each, the insider now holds 486,048 shares.
Before that, Saggar Rajeev had sold 2,260 shares from its account. In a trade valued at $25,103, the Chief Medical Officer traded Liquidia Corp shares for $11.11 each. Upon closing the transaction, the insider’s holdings decreased to 2,260 shares, worth approximately $2.25 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 drop of approximately -1.81%. Over the course of the year, Liquidia Corp shares have dropped approximately -9.81%. 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 $10.28, while a 200-day SMA reached $12.49. Nevertheless, trading volume fell to 0.58 million shares from 0.5 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 10.74, which, if violated, would cause prices to drop to 10.64. In the upper region, resistance lies at 10.98. The next price resistance is at 11.12. RSI (Relative Strength Index) is 49.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.18, which suggests the price will decrease in the coming days. Percent R is at 92.50%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
