In a filing, Landbridge Company LLC revealed its Director Chase Valerie acquired Company’s shares for reported $49725.0 on Jul 01 ’24. In the deal valued at $17.00 per share,2,925 shares were bought. As a result of this transaction, Chase Valerie now holds 2,925 shares worth roughly $0.2 million.
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Then, Daul Ty P. bought 8,800 shares, generating $149,600 in total proceeds. Upon buying the shares at $17.00, the Director now owns 8,800 shares.
Before that, WATSON CHARLES L. bought 117,600 shares. Landbridge Company LLC shares valued at $1,999,200 were divested by the Director at a price of $17.00 per share. As a result of the transaction, WATSON CHARLES L. now holds 117,600 shares, worth roughly $7.9 million.
Janney initiated its Landbridge Company LLC [LB] rating to a Buy in a research note published on July 25, 2024; the price target was $36. A number of analysts have revised their coverage, including Johnson Rice’s analysts, who began to cover the stock in late July with a ‘”a Buy”‘ rating. Wells Fargo began covering LB with “an Overweight” recommendation on July 23, 2024. Raymond James started covering the stock on July 23, 2024. It rated LB as “an Outperform”.
Price Performance Review of LB
On Monday, Landbridge Company LLC [NYSE:LB] saw its stock fall -11.02% to $67.18. Over the last five days, the stock has gained 19.56%. Landbridge Company LLC shares have risen nearly 190.19% since the year began.
Levels Of Support And Resistance For LB Stock
The 24-hour chart illustrates a support level at 61.70, which if violated will result in even more drops to 56.21. On the upside, there is a resistance level at 75.54. A further resistance level may holdings at 83.89. The Relative Strength Index (RSI) on the 14-day chart is 68.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 11.63, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 41.38%. Stochastics %K at 81.39% indicates the stock is a selling.
How much short interest is there in Landbridge Company LLC?
A steep rise in short interest was recorded in Landbridge Company LLC stocks on 2024-10-15, growing by 0.22 million shares to a total of 0.93 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 0.71 million shares. There was a rise of 23.53%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 23, 2024 when Piper Sandler began covering the stock and recommended ‘”a Neutral”‘ rating along with a $30 price target.
