The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Landbridge Company LLC shares valued at $49,725 were purchased by Chase Valerie on Jul 01 ’24. At $17.00 per share, Chase Valerie acquired 2,925 shares. The insider’s holdings grew to 2,925 shares worth approximately $0.2 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Daul Ty P. purchased 8,800 shares, netting a total of over 149,600 in proceeds. Following the buying of shares at $17.00 each, the insider now holds 8,800 shares.
Before that, WATSON CHARLES L. had added 117,600 shares to its account. In a trade valued at $1,999,200, the Director bought Landbridge Company LLC shares for $17.00 each. Upon closing the transaction, the insider’s holdings increased to 117,600 shares, worth approximately $8.07 million.
As published in their initiating research note from Janney on July 25, 2024, Landbridge Company LLC [LB] has been a Buy and the price target has been revised to $36. Analysts at Johnson Rice started covering the stock with ‘”a Buy”‘ outlook in a report released in late July. As of July 23, 2024, Wells Fargo has initiated its “an Overweight” rating for LB. Earlier on July 23, 2024, Raymond James initiated its rating. Their recommendation was “an Outperform” for LB stock.
Analyzing LB Stock Performance
During the last five days, there has been a surge of approximately 22.39%. Over the course of the year, Landbridge Company LLC shares have jumped approximately 196.59%. Nevertheless, trading volume fell to 0.75 million shares from 0.31 million shares the previous day.
Support And Resistance Levels for Landbridge Company LLC (LB)
According to the 24-hour chart, there is a support level at 64.83, which, if violated, would cause prices to drop to 61.01. In the upper region, resistance lies at 72.04. The next price resistance is at 75.43. RSI (Relative Strength Index) is 86.46 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.39, which suggests the price will increase in the coming days. Percent R is at 14.46%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
