While this happened, National Bank Financial upgraded its Lithium Americas Corp (NewCo) [LAC] rating to an Outperform from a a Sector perform in a research note published on A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in late July with a ‘”a Neutral”‘ rating. Scotiabank also remained covering LAC and has decreased its forecast on March 18, 2024 with a “Sector perform” recommendation from previously “Sector outperform” rating. JP Morgan started covering the stock on December 11, 2023. It rated LAC as “a Neutral”.
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Price Performance Review of LAC
On Tuesday, Lithium Americas Corp (NewCo) [NYSE:LAC] saw its stock jump 3.31% to $3.74. Over the last five days, the stock has lost -8.56%. Lithium Americas Corp (NewCo) shares have fallen nearly -41.56% since the year began. Nevertheless, the stocks have fallen -48.13% over the past one year. While a 52-week high of $7.71 was reached on 04/12/24, a 52-week low of $2.02 was recorded on 08/05/24. SMA at 50 days reached $3.19, while 200 days put it at $3.80.
Levels Of Support And Resistance For LAC Stock
The 24-hour chart illustrates a support level at 3.60, which if violated will result in even more drops to 3.45. On the upside, there is a resistance level at 3.85. A further resistance level may holdings at 3.95. The Relative Strength Index (RSI) on the 14-day chart is 51.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.85%. Stochastics %K at 9.77% indicates the stock is a buying.
How much short interest is there in Lithium Americas Corp (NewCo)?
A steep rise in short interest was recorded in Lithium Americas Corp (NewCo) stocks on 2024-10-31, growing by 5.09 million shares to a total of 29.98 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 24.89 million shares. There was a rise of 16.99%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on November 15, 2023 when National Bank Financial began covering the stock and recommended ‘”an Outperform”‘ rating.
