LifeMD Inc’s recent filing unveils that its Chief Innovation Officer Galluppi Stefan acquired Company’s shares for reported $14790.0 on Sep 11 ’24. In the deal valued at $4.93 per share,3,000 shares were bought. As a result of this transaction, Galluppi Stefan now holds 45,449 shares worth roughly $0.2 million.
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A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who began to cover the stock in early June with a ‘”an Overweight”‘ rating. Craig Hallum began covering LFMD with “Buy” recommendation on November 30, 2023. Cantor Fitzgerald started covering the stock on July 21, 2023. It rated LFMD as “an Overweight”.
Price Performance Review of LFMD
On Tuesday, LifeMD Inc [NASDAQ:LFMD] saw its stock jump 1.83% to $4.46. Over the last five days, the stock has gained 3.48%. LifeMD Inc shares have fallen nearly -46.20% since the year began. Nevertheless, the stocks have fallen -37.27% over the past one year. While a 52-week high of $12.88 was reached on 05/07/24, a 52-week low of $3.99 was recorded on 10/30/24. SMA at 50 days reached $4.81, while 200 days put it at $7.14.
Levels Of Support And Resistance For LFMD Stock
The 24-hour chart illustrates a support level at 4.28, which if violated will result in even more drops to 4.09. On the upside, there is a resistance level at 4.57. A further resistance level may holdings at 4.67. The Relative Strength Index (RSI) on the 14-day chart is 47.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.02, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.25%. Stochastics %K at 45.67% indicates the stock is a holding.
How much short interest is there in LifeMD Inc?
A steep rise in short interest was recorded in LifeMD Inc stocks on 2024-10-15, growing by 0.88 million shares to a total of 5.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.7 million shares. There was a rise of 15.72%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 03, 2023 when H.C. Wainwright began covering the stock and recommended ‘”a Buy”‘ rating along with a $9 price target.
