Lovesac Company’s recent filing unveils that its Director Krause Albert Jack unloaded Company’s shares for reported $0.26 million on Oct 03 ’24. In the deal valued at $26.22 per share,10,000 shares were sold. As a result of this transaction, Krause Albert Jack now holds 177,849 shares worth roughly $6.84 million.
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Then, Jack Krause bought 10,000 shares, generating $275,500 in total proceeds.
Before that, Nelson Shawn David sold 18,988 shares. Lovesac Company shares valued at $443,078 were divested by the Chief Executive Officer at a price of $23.33 per share. As a result of the transaction, Nelson Shawn David now holds 165,855 shares, worth roughly $6.38 million.
Maxim Group reiterated its Lovesac Company [LOVE] rating to a Buy in a research note published on June 17, 2024; the price target was $38. A number of analysts have revised their coverage, including Maxim Group’s analysts, who began to cover the stock in mid April with a ‘”a Buy”‘ rating. ROTH MKM also remained covering LOVE and reiterated its “Buy” recommendation on March 29, 2023. Oppenheimer maintained its rating on September 11, 2020. It rated LOVE as “an Outperform”.
Price Performance Review of LOVE
On Monday, Lovesac Company [NASDAQ:LOVE] saw its stock jump 10.83% to $38.47. Over the last five days, the stock has gained 21.55%. Lovesac Company shares have risen nearly 50.57% since the year began. Nevertheless, the stocks have risen 96.48% over the past one year. While a 52-week high of $36.88 was reached on 11/25/24, a 52-week low of $18.21 was recorded on 04/16/24. SMA at 50 days reached $29.06, while 200 days put it at $25.26.
Levels Of Support And Resistance For LOVE Stock
The 24-hour chart illustrates a support level at 35.94, which if violated will result in even more drops to 33.41. On the upside, there is a resistance level at 39.97. A further resistance level may holdings at 41.47. The Relative Strength Index (RSI) on the 14-day chart is 78.83, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.83, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.78%. Stochastics %K at 88.19% indicates the stock is a selling.
How much short interest is there in Lovesac Company?
A steep rise in short interest was recorded in Lovesac Company stocks on 2024-10-31, growing by 0.28 million shares to a total of 4.1 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.83 million shares. There was a rise of 6.72%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 10, 2020 when BTIG Research resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $30.
