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Jefferies initates Life360 Inc (LIF) rating to a Buy

In a filing, Life360 Inc revealed its Director COGHLAN JOHN PHILIP unloaded Company’s shares for reported $0.41 million on Nov 19 ’24. In the deal valued at $41.50 per share,10,000 shares were sold. As a result of this transaction, COGHLAN JOHN PHILIP now holds 41,628 shares worth roughly $1.81 million.

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Then, Goines Mark bought 60,000 shares, generating $2,582,400 in total proceeds.

Before that, COGHLAN JOHN PHILIP bought 10,000 shares. Life360 Inc shares valued at $413,400 were divested by the Director at a price of $41.34 per share.

Jefferies initiated its Life360 Inc [LIF] rating to a Buy in a research note published on August 09, 2024; the price target was $43. A number of analysts have revised their coverage, including Stifel’s analysts, who began to cover the stock in early July with a ‘”a Buy”‘ rating. JMP Securities began covering LIF with “Mkt outperform” recommendation on June 20, 2024. Loop Capital started covering the stock on June 17, 2024. It rated LIF as “a Buy”.

Price Performance Review of LIF

On Monday, Life360 Inc [NASDAQ:LIF] saw its stock jump 6.01% to $43.41. Over the last five days, the stock has gained 7.69%. Life360 Inc shares have risen nearly 60.78% since the year began.

Levels Of Support And Resistance For LIF Stock

The 24-hour chart illustrates a support level at 42.19, which if violated will result in even more drops to 40.96. On the upside, there is a resistance level at 44.54. A further resistance level may holdings at 45.66. The Relative Strength Index (RSI) on the 14-day chart is 50.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.83, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.19%. Stochastics %K at 31.01% indicates the stock is a holding.

How much short interest is there in Life360 Inc?

A steep rise in short interest was recorded in Life360 Inc stocks on 2024-10-31, growing by 0.2 million shares to a total of 0.55 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 0.35 million shares. There was a rise of 36.27%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on June 17, 2024 when Evercore ISI began covering the stock and recommended ‘”an Outperform”‘ rating along with a $37 price target.

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