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Scotiabank initates Liquidia Corp (LQDA) rating to a Sector outperform

In a filing, Liquidia Corp revealed its Chief Medical Officer Saggar Rajeev unloaded Company’s shares for reported $28266.0 on Oct 18 ’24. In the deal valued at $11.19 per share,2,526 shares were sold. As a result of this transaction, Saggar Rajeev now holds 204,857 shares worth roughly $2.02 million.

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Then, Schundler Russell sold 2,576 shares, generating $28,613 in total proceeds. Upon selling the shares at $11.11, the General Counsel now owns 486,048 shares.

Before that, Saggar Rajeev sold 2,260 shares. Liquidia Corp shares valued at $25,103 were divested by the Chief Medical Officer at a price of $11.11 per share. As a result of the transaction, Saggar Rajeev now holds 207,383 shares, worth roughly $2.04 million.

Scotiabank initiated its Liquidia Corp [LQDA] rating to a Sector outperform in a research note published recently. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in mid August from “an Outperform” to “a Strong buy”. Raymond James began covering LQDA with “an Outperform” recommendation on August 16, 2024. Oppenheimer started covering the stock on June 25, 2024. It rated LQDA as “a Perform”.

Price Performance Review of LQDA

On Friday, Liquidia Corp [NASDAQ:LQDA] saw its stock fall -1.85% to $9.84. Over the last five days, the stock has lost -10.79%. Liquidia Corp shares have fallen nearly -18.20% since the year began. Nevertheless, the stocks have risen 53.03% over the past one year. While a 52-week high of $16.99 was reached on 03/22/24, a 52-week low of $6.10 was recorded on 08/19/24. SMA at 50 days reached $10.52, while 200 days put it at $12.37.

Levels Of Support And Resistance For LQDA Stock

The 24-hour chart illustrates a support level at 9.70, which if violated will result in even more drops to 9.55. On the upside, there is a resistance level at 10.07. A further resistance level may holdings at 10.29. The Relative Strength Index (RSI) on the 14-day chart is 33.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.47%. Stochastics %K at 4.75% indicates the stock is a buying.

How much short interest is there in Liquidia Corp?

A steep rise in short interest was recorded in Liquidia Corp stocks on 2024-10-31, dropping by -1.5 million shares to a total of 10.33 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 11.84 million shares. There was a decline of -14.56%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on January 05, 2024 when Needham resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $28.

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