Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. La-Z-Boy Inc shares valued at $159,051 were sold by KERR JANET on Sep 05 ’24. At $40.89 per share, KERR JANET sold 3,890 shares. The insider’s holdings dropped to 3,372 shares worth approximately $0.14 million following the completion of this transaction.
Also, KERR JANET purchased 3,890 shares, netting a total of over 157,131 in proceeds.
Before that, McCurry Jennifer Lynn had sold 4,414 shares from its account. In a trade valued at $182,326, the Chief Accounting Officer traded La-Z-Boy Inc shares for $41.31 each. Upon closing the transaction, the insider’s holdings decreased to 4,414 shares, worth approximately $0.54 million.
As published in a research note from Sidoti on August 21, 2024, La-Z-Boy Inc [LZB] has been rated down from a Buy to a Neutral and the price target has been revised to $43. Analysts at Raymond James downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in late August. As of October 19, 2020, Sidoti has increased its “Neutral” rating to a “Buy” for LZB. Earlier on March 09, 2020, Sidoti upgraded its rating. Their new recommendation was “a Buy” for LZB stock which previously was a “a Neutral”.
Analyzing LZB Stock Performance
During the last five days, there has been a surge of approximately 7.52%. Over the course of the year, La-Z-Boy Inc shares have jumped approximately 10.81%. Shares of the company reached a 52-week high of $45.23 on 07/31/24 and a 52-week low of $32.00 on 05/01/24. A 50-day SMA is recorded $40.72, while a 200-day SMA reached $38.17. Nevertheless, trading volume fell to 0.52 million shares from 0.66 million shares the previous day.
Support And Resistance Levels for La-Z-Boy Inc (LZB)
According to the 24-hour chart, there is a support level at 40.50, which, if violated, would cause prices to drop to 40.09. In the upper region, resistance lies at 41.47. The next price resistance is at 42.02. RSI (Relative Strength Index) is 56.34 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.01, which suggests the price will increase in the coming days. Percent R is at 22.64%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
