KD Logo

Las Vegas Sands Corp (LVS) gets rating Downgrade from UBS

Las Vegas Sands Corp’s recent filing unveils that its Chairman & CEO Goldstein Robert G unloaded Company’s shares for reported $1.26 million on Nov 07 ’24. In the deal valued at $52.00 per share,24,324 shares were sold. As a result of this transaction, Goldstein Robert G now holds 60,187 shares worth roughly $2.96 million.

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

Then, Goldstein Robert G sold 119,221 shares, generating $6,405,744 in total proceeds. Upon selling the shares at $53.73, the Chairman & CEO now owns 84,511 shares.

Before that, Robert G. Goldstein bought 203,732 shares. Las Vegas Sands Corp shares valued at $10,424,966 were divested by the Officer at a price of $51.17 per share.

UBS downgraded its Las Vegas Sands Corp [LVS] rating to a Neutral from a a Buy in a research note published on August 23, 2024; the price target was decreased to $49 from $70. A number of analysts have revised their coverage, including Argus’s analysts, who decreased its forecast for the stock in mid August from “a Buy” to “a Hold”. Seaport Research Partners began covering LVS with “Buy” recommendation on April 15, 2024. Mizuho started covering the stock on March 26, 2024. It rated LVS as “a Buy”.

Price Performance Review of LVS

On Tuesday, Las Vegas Sands Corp [NYSE:LVS] saw its stock fall -2.73% to $49.26. Over the last five days, the stock has lost -2.15%. Las Vegas Sands Corp shares have risen nearly 0.10% since the year began. Nevertheless, the stocks have risen 3.16% over the past one year. While a 52-week high of $55.65 was reached on 02/16/24, a 52-week low of $36.62 was recorded on 08/05/24. SMA at 50 days reached $48.19, while 200 days put it at $46.79.

Levels Of Support And Resistance For LVS Stock

The 24-hour chart illustrates a support level at 48.65, which if violated will result in even more drops to 48.04. On the upside, there is a resistance level at 50.10. A further resistance level may holdings at 50.95. The Relative Strength Index (RSI) on the 14-day chart is 43.12, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.86%. Stochastics %K at 18.12% indicates the stock is a buying.

How much short interest is there in Las Vegas Sands Corp?

A steep rise in short interest was recorded in Las Vegas Sands Corp stocks on 2024-10-15, growing by 0.81 million shares to a total of 15.82 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 15.01 million shares. There was a rise of 5.13%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on December 15, 2023 when Susquehanna began covering the stock and recommended ‘”a Positive”‘ rating along with a $59 price target.

Most Popular