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Recent Insider Activity Could Benefit Lyft Inc (LYFT)

Lyft Inc’s recently made public that its CHIEF LEGAL OFFICER, SECRETARY Llewellyn Lindsay Catherine unloaded Company’s shares for reported $75338.0 on Nov 07 ’24. In the deal valued at $17.76 per share,4,242 shares were sold. As a result of this transaction, Llewellyn Lindsay Catherine now holds 755,847 shares worth roughly $13.86 million.

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Then, BLACKWOOD-KAPRAL LISA sold 9,081 shares, generating $163,661 in total proceeds. Upon selling the shares at $18.02, the CHIEF ACCOUNTING OFFICER now owns 332,243 shares.

Before that, Lisa Blackwood-Kapral bought 9,081 shares. Lyft Inc shares valued at $130,766 were divested by the Affiliate at a price of $14.40 per share.

The Benchmark Company initiated its Lyft Inc [LYFT] rating to a Hold in a research note published recently. Cantor Fitzgerald began covering LYFT with “Neutral” recommendation on September 05, 2024. Nomura revised its rating on August 23, 2024. It rated LYFT as “a Neutral” which previously was an “a Reduce”.

Price Performance Review of LYFT

On Tuesday, Lyft Inc [NASDAQ:LYFT] saw its stock fall -1.34% to $18.34. Over the last five days, the stock has gained 32.90%. Lyft Inc shares have risen nearly 22.35% since the year began. Nevertheless, the stocks have risen 78.75% over the past one year. While a 52-week high of $20.82 was reached on 03/21/24, a 52-week low of $8.93 was recorded on 08/07/24. SMA at 50 days reached $13.23, while 200 days put it at $14.54.

Levels Of Support And Resistance For LYFT Stock

The 24-hour chart illustrates a support level at 18.06, which if violated will result in even more drops to 17.79. On the upside, there is a resistance level at 18.60. A further resistance level may holdings at 18.86. The Relative Strength Index (RSI) on the 14-day chart is 79.91, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.29, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.70%. Stochastics %K at 87.72% indicates the stock is a selling.

How much short interest is there in Lyft Inc?

A steep rise in short interest was recorded in Lyft Inc stocks on 2024-10-31, dropping by -4.23 million shares to a total of 46.14 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 50.37 million shares. There was a decline of -9.16%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on July 22, 2024 when Melius began covering the stock and recommended ‘”a Hold”‘ rating along with a $15 price target.

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