In a filing, Lemonade Inc revealed its Chief Financial Officer BIXBY TIMOTHY E unloaded Company’s shares for reported $37392.0 on Sep 10 ’24. In the deal valued at $18.24 per share,2,050 shares were sold. As a result of this transaction, BIXBY TIMOTHY E now holds 271,552 shares worth roughly $6.56 million.
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Then, BIXBY TIMOTHY E bought 2,050 shares, generating $37,382 in total proceeds.
Before that, Peters John Sheldon sold 1,547 shares. Lemonade Inc shares valued at $29,145 were divested by the Chief Insurance Officer at a price of $18.84 per share. As a result of the transaction, Peters John Sheldon now holds 90,283 shares, worth roughly $2.18 million.
TD Cowen initiated its Lemonade Inc [LMND] rating to a Market perform in a research note published on January 10, 2024; the price target was $17. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who decreased its forecast for the stock in early December from “an Outperform” to “a Perform”. Morgan Stanley began covering LMND with “an Underweight” recommendation on June 20, 2023. BMO Capital Markets started covering the stock on January 20, 2023. It rated LMND as “an Underperform”.
Price Performance Review of LMND
On Friday, Lemonade Inc [NYSE:LMND] saw its stock jump 1.60% to $24.15. Over the last five days, the stock has gained 31.04%. Lemonade Inc shares have risen nearly 49.72% since the year began. Nevertheless, the stocks have risen 119.55% over the past one year. While a 52-week high of $25.40 was reached on 11/01/24, a 52-week low of $10.66 was recorded on 06/17/24. SMA at 50 days reached $18.11, while 200 days put it at $17.43.
Levels Of Support And Resistance For LMND Stock
The 24-hour chart illustrates a support level at 23.46, which if violated will result in even more drops to 22.76. On the upside, there is a resistance level at 25.41. A further resistance level may holdings at 26.67. The Relative Strength Index (RSI) on the 14-day chart is 79.89, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.79, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.81%. Stochastics %K at 76.27% indicates the stock is a holding.
How much short interest is there in Lemonade Inc?
A steep rise in short interest was recorded in Lemonade Inc stocks on 2024-10-15, dropping by -0.8 million shares to a total of 16.01 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 16.81 million shares. There was a decline of -5.02%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on November 17, 2022 when Keefe Bruyette began covering the stock and recommended ‘”a Mkt perform”‘ rating along with a $24 price target.
