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Investing in Louisiana-Pacific Corp (LPX) Is Getting More Attractive

Louisiana-Pacific Corp’s recently made public that its Director HORTON OZEY K JR unloaded Company’s shares for reported $34023.0 on Nov 12 ’24. In the deal valued at $113.41 per share,300 shares were sold. As a result of this transaction, HORTON OZEY K JR now holds 28,638 shares worth roughly $3.3 million.

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Then, Gottung Lizanne C sold 2,500 shares, generating $245,750 in total proceeds. Upon selling the shares at $98.30, the Director now owns 21,005 shares.

Before that, LIZANNE GOTTUNG bought 5,000 shares. Louisiana-Pacific Corp shares valued at $489,600 were divested by the Director at a price of $97.92 per share.

BMO Capital Markets downgraded its Louisiana-Pacific Corp [LPX] rating to a Market perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Goldman’s analysts, who decreased its forecast for the stock in mid June from “a Neutral” to “a Sell”. Seaport Research Partners also remained covering LPX and has decreased its forecast on May 09, 2024 with a “Neutral” recommendation from previously “Buy” rating. Loop Capital started covering the stock on May 03, 2024. It rated LPX as “a Hold”.

Price Performance Review of LPX

On Monday, Louisiana-Pacific Corp [NYSE:LPX] saw its stock jump 2.96% to $115.28. Over the last five days, the stock has gained 2.64%. Louisiana-Pacific Corp shares have risen nearly 62.76% since the year began. Nevertheless, the stocks have risen 88.61% over the past one year. While a 52-week high of $114.33 was reached on 11/18/24, a 52-week low of $60.00 was recorded on 02/05/24. SMA at 50 days reached $104.64, while 200 days put it at $89.12.

Levels Of Support And Resistance For LPX Stock

The 24-hour chart illustrates a support level at 112.35, which if violated will result in even more drops to 109.42. On the upside, there is a resistance level at 117.90. A further resistance level may holdings at 120.52. The Relative Strength Index (RSI) on the 14-day chart is 69.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.19, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.78%. Stochastics %K at 88.07% indicates the stock is a selling.

How much short interest is there in Louisiana-Pacific Corp?

A steep rise in short interest was recorded in Louisiana-Pacific Corp stocks on 2024-10-31, dropping by -0.19 million shares to a total of 2.39 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.58 million shares. There was a decline of -8.14%, which implies that there is a negative sentiment for the stock.

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