Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Lemonade Inc shares valued at $507,599 were purchased by Angelidis-Smith Maria on Nov 08 ’24. At $27.42 per share, Angelidis-Smith Maria acquired 18,512 shares. The insider’s holdings grew to 18,512 shares worth approximately $0.59 million following the completion of this transaction.
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Also, Angelidis-Smith Maria purchased 15,042 shares, netting a total of over 499,846 in proceeds. Following the buying of shares at $33.23 each, the insider now holds 33,554 shares.
Before that, Prosor Maya had sold 20,000 shares from its account. In a trade valued at $600,000, the Chief Business Officer traded Lemonade Inc shares for $30.00 each. Upon closing the transaction, the insider’s holdings decreased to 20,000 shares, worth approximately $1.9 million.
As published in a research note from Keefe Bruyette on November 07, 2024, Lemonade Inc [LMND] has been rated down from a Mkt perform to an Underperform and the price target has been revised to $21 from $18. Analysts at TD Cowen started covering the stock with ‘”a Market perform”‘ outlook in a report released in early January. As of December 01, 2023, Oppenheimer has decreased its “an Outperform” rating to a “Perform” for LMND. Earlier on June 20, 2023, Morgan Stanley initiated its rating. Their recommendation was “an Underweight” for LMND stock.
Analyzing LMND Stock Performance
During the last five days, there has been a surge of approximately 9.22%. Over the course of the year, Lemonade Inc shares have jumped approximately 98.33%. Shares of the company reached a 52-week high of $34.95 on 11/11/24 and a 52-week low of $14.03 on 06/17/24. A 50-day SMA is recorded $19.81, while a 200-day SMA reached $17.92. Nevertheless, trading volume fell to 1.62 million shares from 2.47 million shares the previous day.
Support And Resistance Levels for Lemonade Inc (LMND)
According to the 24-hour chart, there is a support level at 31.43, which, if violated, would cause prices to drop to 30.88. In the upper region, resistance lies at 33.08. The next price resistance is at 34.18. RSI (Relative Strength Index) is 73.76 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.55, which suggests the price will increase in the coming days. Percent R is at 17.37%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
