In a filing, Li-Cycle Holdings Corp revealed its Director Wellings Mark acquired Company’s shares for reported $9031.0 on Sep 13 ’24. In the deal valued at $1.45 per share,6,250 shares were bought. As a result of this transaction, Wellings Mark now holds 110,908 shares worth roughly $0.24 million.
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Then, Wellings Mark sold 6,250 shares, generating $15,669 in total proceeds. Upon selling the shares at $2.51, the Director now owns 45,030 shares.
Before that, DeLuca Carl sold 1,376 shares. Li-Cycle Holdings Corp shares valued at $3,440 were divested by the insider at a price of $2.50 per share. As a result of the transaction, DeLuca Carl now holds 101,672 shares, worth roughly $0.22 million.
UBS downgraded its Li-Cycle Holdings Corp [LICY] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Chardan Capital Markets’s analysts, who decreased its forecast for the stock in mid November from “a Buy” to “a Neutral”. TD Cowen also remained covering LICY and has decreased its forecast on October 23, 2023 with a “Market perform” recommendation from previously “an Outperform” rating. Cantor Fitzgerald started covering the stock on May 04, 2023. It rated LICY as “a Buy”.
Price Performance Review of LICY
On Monday, Li-Cycle Holdings Corp [NYSE:LICY] saw its stock jump 7.32% to $2.20. Over the last five days, the stock has lost -23.34%. Li-Cycle Holdings Corp shares have fallen nearly -52.98% since the year began. Nevertheless, the stocks have fallen -57.42% over the past one year. While a 52-week high of $15.36 was reached on 03/19/24, a 52-week low of $1.22 was recorded on 09/04/24. SMA at 50 days reached $2.27, while 200 days put it at $3.97.
Levels Of Support And Resistance For LICY Stock
The 24-hour chart illustrates a support level at 2.12, which if violated will result in even more drops to 2.04. On the upside, there is a resistance level at 2.26. A further resistance level may holdings at 2.32. The Relative Strength Index (RSI) on the 14-day chart is 44.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.29%. Stochastics %K at 7.80% indicates the stock is a buying.
How much short interest is there in Li-Cycle Holdings Corp?
A steep rise in short interest was recorded in Li-Cycle Holdings Corp stocks on 2024-10-31, dropping by -0.11 million shares to a total of 1.24 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.35 million shares. There was a decline of -8.91%, which implies that there is a negative sentiment for the stock.
