Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Longboard Pharmaceuticals Inc shares valued at $983,936 were sold by Kaye Randall on Oct 15 ’24. At $59.03 per share, Kaye Randall sold 16,667 shares. The insider’s holdings dropped to 17,920 shares worth approximately $1.07 million following the completion of this transaction.
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Also, Kaye Randall sold 16,666 shares, netting a total of over 527,318 in proceeds. Following the sale of shares at $31.64 each, the insider now holds 17,920 shares.
Before that, RANDALL KAYE had added 33,333 shares to its account. In a trade valued at $1,143,989, the Officer bought Longboard Pharmaceuticals Inc shares for $34.32 each.
As published in their initiating research note from Truist on September 10, 2024, Longboard Pharmaceuticals Inc [LBPH] has been a Buy and the price target has been revised to $60. Analysts at Cantor Fitzgerald resumed the stock at ‘”an Overweight”‘ outlook in a report released in early July. As of May 01, 2024, Robert W. Baird has initiated its “an Outperform” rating for LBPH. Earlier on February 16, 2024, Citigroup initiated its rating. Their recommendation was “a Buy” for LBPH stock.
Analyzing LBPH Stock Performance
During the last five days, there has been a surge of approximately 0.25%. Over the course of the year, Longboard Pharmaceuticals Inc shares have jumped approximately 890.05%. Shares of the company reached a 52-week high of $59.79 on 10/25/24 and a 52-week low of $15.64 on 06/10/24. A 50-day SMA is recorded $40.68, while a 200-day SMA reached $28.15. Nevertheless, trading volume fell to 0.7 million shares from 0.88 million shares the previous day.
Support And Resistance Levels for Longboard Pharmaceuticals Inc (LBPH)
According to the 24-hour chart, there is a support level at 59.60, which, if violated, would cause prices to drop to 59.51. In the upper region, resistance lies at 59.75. The next price resistance is at 59.81. RSI (Relative Strength Index) is 81.66 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.71, which suggests the price will increase in the coming days. Percent R is at 0.35%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
