In a filing, Lithia Motors, Inc revealed its Chief Executive Officer DEBOER BRYAN B unloaded Company’s shares for reported $4.53 million on Nov 22 ’24. In the deal valued at $390.00 per share,11,627 shares were sold. As a result of this transaction, DEBOER BRYAN B now holds 181,187 shares worth roughly $71.44 million.
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Then, DEBOER BRYAN B sold 6,742 shares, generating $2,696,800 in total proceeds. Upon selling the shares at $400.00, the Chief Executive Officer now owns 174,445 shares.
Before that, Miller Tina bought 1,000 shares. Lithia Motors, Inc shares valued at $395,000 were divested by the Officer at a price of $395.00 per share.
Stephens initiated its Lithia Motors, Inc [LAD] rating to an Overweight in a research note published on September 12, 2024; the price target was $360. A number of analysts have revised their coverage, including Guggenheim’s analysts, who increased its forecast for the stock in early August from “a Neutral” to “a Buy”. JP Morgan also remained covering LAD and has increased its forecast on June 10, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Guggenheim revised its rating on May 17, 2024. It rated LAD as “a Neutral” which previously was an “a Buy”.
Price Performance Review of LAD
On Monday, Lithia Motors, Inc [NYSE:LAD] saw its stock jump 0.87% to $394.27. Over the last five days, the stock has gained 5.59%. Lithia Motors, Inc shares have risen nearly 19.74% since the year began. Nevertheless, the stocks have risen 45.89% over the past one year. While a 52-week high of $391.14 was reached on 11/25/24, a 52-week low of $243.00 was recorded on 04/25/24. SMA at 50 days reached $332.83, while 200 days put it at $287.94.
Levels Of Support And Resistance For LAD Stock
The 24-hour chart illustrates a support level at 389.75, which if violated will result in even more drops to 385.23. On the upside, there is a resistance level at 402.23. A further resistance level may holdings at 410.20. The Relative Strength Index (RSI) on the 14-day chart is 74.65, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 13.06, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 26.44%. Stochastics %K at 87.14% indicates the stock is a selling.
How much short interest is there in Lithia Motors, Inc?
A steep rise in short interest was recorded in Lithia Motors, Inc stocks on 2024-10-31, growing by 641.0 shares to a total of 2.55 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.55 million shares. There was a rise of 0.03%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on January 17, 2024 when Evercore ISI began covering the stock and recommended ‘”an Outperform”‘ rating along with a $400 price target.
