Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Life360 Inc shares valued at $1,298,068 were sold by Prober Charles J. on Sep 11 ’24. At $32.45 per share, Prober Charles J. sold 40,000 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Charles J. Prober purchased 40,000 shares, netting a total of over 1,326,000 in proceeds.
Before that, Synge James had sold 33,485 shares from its account. In a trade valued at $1,253,009, the Director traded Life360 Inc shares for $37.42 each. Upon closing the transaction, the insider’s holdings decreased to 33,485 shares, worth approximately $1.48 million.
As published in their initiating research note from Jefferies on August 09, 2024, Life360 Inc [LIF] has been a Buy and the price target has been revised to $43. Analysts at Stifel started covering the stock with ‘”a Buy”‘ outlook in a report released in early July. As of June 20, 2024, JMP Securities has initiated its “Mkt outperform” rating for LIF. Earlier on June 17, 2024, Loop Capital initiated its rating. Their recommendation was “a Buy” for LIF stock.
Analyzing LIF Stock Performance
During the last five days, there has been a drop of approximately -3.58%. Over the course of the year, Life360 Inc shares have jumped approximately 63.52%. Nevertheless, trading volume fell to 0.72 million shares from 0.31 million shares the previous day.
Support And Resistance Levels for Life360 Inc (LIF)
According to the 24-hour chart, there is a support level at 41.97, which, if violated, would cause prices to drop to 39.80. In the upper region, resistance lies at 46.85. The next price resistance is at 49.56. RSI (Relative Strength Index) is 50.26 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.66, which suggests the price will increase in the coming days. Percent R is at 70.79%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
