Life360 Inc’s recently made public that its Officer Christopher Robin Hulls acquired Company’s shares for reported $33.9 million on Nov 15 ’24. In the deal valued at $43.88 per share,772,545 shares were bought.
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Then, Hulls Chris sold 556,569 shares, generating $22,830,460 in total proceeds. Upon selling the shares at $41.02, the Chief Executive Officer now owns 952,696 shares.
Before that, Hulls Chris sold 215,976 shares. Life360 Inc shares valued at $8,859,336 were divested by the Chief Executive Officer at a price of $41.02 per share. As a result of the transaction, Hulls Chris now holds 0 shares, worth roughly $0.0.
Jefferies initiated its Life360 Inc [LIF] rating to a Buy in a research note published on August 09, 2024; the price target was $43. A number of analysts have revised their coverage, including Stifel’s analysts, who began to cover the stock in early July with a ‘”a Buy”‘ rating. JMP Securities began covering LIF with “Mkt outperform” recommendation on June 20, 2024. Loop Capital started covering the stock on June 17, 2024. It rated LIF as “a Buy”.
Price Performance Review of LIF
On Friday, Life360 Inc [NASDAQ:LIF] saw its stock fall -4.40% to $41.95. Over the last five days, the stock has lost -11.63%. Life360 Inc shares have risen nearly 55.37% since the year began.
Levels Of Support And Resistance For LIF Stock
The 24-hour chart illustrates a support level at 40.93, which if violated will result in even more drops to 39.92. On the upside, there is a resistance level at 42.68. A further resistance level may holdings at 43.42. The Relative Strength Index (RSI) on the 14-day chart is 42.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.76, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.24%. Stochastics %K at 23.38% indicates the stock is a holding.
How much short interest is there in Life360 Inc?
A steep rise in short interest was recorded in Life360 Inc stocks on 2024-10-31, growing by 0.2 million shares to a total of 0.55 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 0.35 million shares. There was a rise of 36.27%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 17, 2024 when Evercore ISI began covering the stock and recommended ‘”an Outperform”‘ rating along with a $37 price target.
