Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Lithia Motors, Inc shares valued at $2,855,959 were sold by Holzshu Chris on Oct 24 ’24. At $335.21 per share, Holzshu Chris sold 8,520 shares. The insider’s holdings dropped to 32,054 shares worth approximately $11.84 million following the completion of this transaction.
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Also, Holzshu Chris purchased 8,520 shares, netting a total of over 2,769,000 in proceeds.
Before that, DEBOER SIDNEY B had sold 10,777 shares from its account. In a trade valued at $2,973,675, the Director traded Lithia Motors, Inc shares for $275.93 each. Upon closing the transaction, the insider’s holdings decreased to 10,777 shares, worth approximately $13.06 million.
As published in their initiating research note from Stephens on September 12, 2024, Lithia Motors, Inc [LAD] has been an Overweight and the price target has been revised to $360. Analysts at Guggenheim upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early August. As of June 10, 2024, JP Morgan has increased its “Neutral” rating to a “an Overweight” for LAD. Earlier on May 17, 2024, Guggenheim downgraded its rating. Their new recommendation was “a Neutral” for LAD stock which previously was a “a Buy”.
Analyzing LAD Stock Performance
During the last five days, there has been a surge of approximately 8.71%. Over the course of the year, Lithia Motors, Inc shares have jumped approximately 12.22%. Shares of the company reached a 52-week high of $375.08 on 11/06/24 and a 52-week low of $243.00 on 04/25/24. A 50-day SMA is recorded $308.22, while a 200-day SMA reached $282.83. Nevertheless, trading volume fell to 0.56 million shares from 0.36 million shares the previous day.
Support And Resistance Levels for Lithia Motors, Inc (LAD)
According to the 24-hour chart, there is a support level at 363.01, which, if violated, would cause prices to drop to 356.50. In the upper region, resistance lies at 375.55. The next price resistance is at 381.58. RSI (Relative Strength Index) is 76.02 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 20.23, which suggests the price will increase in the coming days. Percent R is at 7.41%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
