Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Laureate Education Inc shares valued at $221,876 were sold by Cardoso Marcelo on Nov 05 ’24. At $17.37 per share, Cardoso Marcelo sold 12,775 shares. The insider’s holdings dropped to 360,234 shares worth approximately $6.75 million following the completion of this transaction.
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Also, Cardoso Marcelo purchased 12,775 shares, netting a total of over 221,877 in proceeds.
Before that, Knauer Gerard M. had sold 1,305 shares from its account. In a trade valued at $20,595, the VP, ACCTG, GLOBAL CONTROLLER traded Laureate Education Inc shares for $15.78 each. Upon closing the transaction, the insider’s holdings decreased to 1,305 shares, worth approximately $0.31 million.
As published in a research note from Morgan Stanley on July 26, 2024, Laureate Education Inc [LAUR] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $17. Analysts at Jefferies started covering the stock with ‘”a Buy”‘ outlook in a report released in early October. As of August 07, 2023, Morgan Stanley has increased its “an Equal-weight” rating to a “an Overweight” for LAUR. Earlier on May 08, 2023, Morgan Stanley downgraded its rating. Their new recommendation was “an Equal-weight” for LAUR stock which previously was a “an Overweight”.
Analyzing LAUR Stock Performance
During the last five days, there has been a surge of approximately 9.08%. Over the course of the year, Laureate Education Inc shares have jumped approximately 36.69%. Shares of the company reached a 52-week high of $18.87 on 11/06/24 and a 52-week low of $12.45 on 01/11/24. A 50-day SMA is recorded $15.99, while a 200-day SMA reached $14.85. Nevertheless, trading volume fell to 1.37 million shares from 1.59 million shares the previous day.
Support And Resistance Levels for Laureate Education Inc (LAUR)
According to the 24-hour chart, there is a support level at 18.22, which, if violated, would cause prices to drop to 17.70. In the upper region, resistance lies at 19.05. The next price resistance is at 19.36. RSI (Relative Strength Index) is 78.63 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.78, which suggests the price will increase in the coming days. Percent R is at 3.49%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
