Lyft Inc’s filing revealed that its Chief Executive Officer Risher John David acquired Company’s shares for reported $0.25 million on Nov 12 ’24. In the deal valued at $18.15 per share,13,790 shares were bought. As a result of this transaction, Risher John David now holds 12,112,796 shares worth roughly $200.71 million.
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Then, Llewellyn Lindsay Catherine sold 4,242 shares, generating $75,338 in total proceeds. Upon selling the shares at $17.76, the CHIEF LEGAL OFFICER, SECRETARY now owns 755,847 shares.
Before that, BLACKWOOD-KAPRAL LISA sold 9,081 shares. Lyft Inc shares valued at $163,661 were divested by the CHIEF ACCOUNTING OFFICER at a price of $18.02 per share. As a result of the transaction, BLACKWOOD-KAPRAL LISA now holds 332,243 shares, worth roughly $5.51 million.
The Benchmark Company initiated its Lyft Inc [LYFT] rating to a Hold in a research note published on Cantor Fitzgerald began covering LYFT with “Neutral” recommendation on September 05, 2024. Nomura revised its rating on August 23, 2024. It rated LYFT as “a Neutral” which previously was an “a Reduce”.
Price Performance Review of LYFT
On Tuesday, Lyft Inc [NASDAQ:LYFT] saw its stock fall -4.22% to $16.57. Over the last five days, the stock has lost -9.65%. Lyft Inc shares have risen nearly 10.54% since the year began. Nevertheless, the stocks have risen 56.62% over the past one year. While a 52-week high of $20.82 was reached on 03/21/24, a 52-week low of $8.93 was recorded on 08/07/24. SMA at 50 days reached $13.87, while 200 days put it at $14.66.
Levels Of Support And Resistance For LYFT Stock
The 24-hour chart illustrates a support level at 16.36, which if violated will result in even more drops to 16.15. On the upside, there is a resistance level at 16.89. A further resistance level may holdings at 17.21. The Relative Strength Index (RSI) on the 14-day chart is 58.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.02, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 40.27%. Stochastics %K at 71.99% indicates the stock is a holding.
How much short interest is there in Lyft Inc?
A steep rise in short interest was recorded in Lyft Inc stocks on 2024-10-31, dropping by -4.23 million shares to a total of 46.14 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 50.37 million shares. There was a decline of -9.16%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 22, 2024 when Melius began covering the stock and recommended ‘”a Hold”‘ rating along with a $15 price target.
