In a filing, LoanDepot Inc revealed its Director Hsieh Anthony Li unloaded Company’s shares for reported $0.54 million on Oct 31 ’24. In the deal valued at $2.11 per share,255,428 shares were sold. As a result of this transaction, Hsieh Anthony Li now holds 7,672,258 shares worth roughly $15.96 million.
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Then, Hsieh Anthony Li sold 192,298 shares, generating $400,153 in total proceeds. Upon selling the shares at $2.08, the Director now owns 7,479,960 shares.
Before that, Hsieh Anthony Li bought 468,922 shares. LoanDepot Inc shares valued at $957,914 were divested by the Director at a price of $2.04 per share.
Goldman downgraded its LoanDepot Inc [LDI] rating to a Sell from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in early December with a ‘”a Neutral”‘ rating. William Blair also remained covering LDI and has decreased its forecast on March 09, 2023 with a “Mkt perform” recommendation from previously “an Outperform” rating. Credit Suisse revised its rating on January 09, 2023. It rated LDI as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of LDI
On Monday, LoanDepot Inc [NYSE:LDI] saw its stock jump 0.48% to $2.08. Over the last five days, the stock has lost -4.15%. LoanDepot Inc shares have fallen nearly -40.91% since the year began. Nevertheless, the stocks have risen 49.64% over the past one year. While a 52-week high of $3.71 was reached on 01/08/24, a 52-week low of $1.25 was recorded on 07/05/24. SMA at 50 days reached $2.45, while 200 days put it at $2.33.
Levels Of Support And Resistance For LDI Stock
The 24-hour chart illustrates a support level at 2.03, which if violated will result in even more drops to 1.99. On the upside, there is a resistance level at 2.14. A further resistance level may holdings at 2.20. The Relative Strength Index (RSI) on the 14-day chart is 40.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.19%. Stochastics %K at 21.56% indicates the stock is a holding.
How much short interest is there in LoanDepot Inc?
A steep rise in short interest was recorded in LoanDepot Inc stocks on 2024-10-15, dropping by -0.16 million shares to a total of 2.5 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.66 million shares. There was a decline of -6.41%, which implies that there is a negative sentiment for the stock.
