Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Legacy Education Inc shares valued at $6,830 were purchased by DEROSE ROBERT on Nov 20 ’24. At $6.83 per share, DEROSE ROBERT acquired 1,000 shares. The insider’s holdings grew to 2,000 shares worth approximately $16200.0 following the completion of this transaction.
Also, DEROSE ROBERT purchased 2,500 shares, netting a total of over 17,450 in proceeds. Following the buying of shares at $6.98 each, the insider now holds 1,087,974 shares.
Before that, DEROSE ROBERT had added 2,500 shares to its account. In a trade valued at $13,500, the 10% Owner bought Legacy Education Inc shares for $5.40 each. Upon closing the transaction, the insider’s holdings increased to 2,500 shares, worth approximately $8.79 million.
As published in their initiating research note from Northland Capital on October 22, 2024, Legacy Education Inc [LGCY] has been an Outperform and the price target has been revised to $8.25. Analysts at Ladenburg Thalmann started covering the stock with ‘”a Buy”‘ outlook in a report released in late October.
Analyzing LGCY Stock Performance
During the last five days, there has been a surge of approximately 9.46%. Over the course of the year, Legacy Education Inc shares have jumped approximately 101.49%. Nevertheless, trading volume fell to 0.14 million shares from 95500.0 shares the previous day.
Support And Resistance Levels for Legacy Education Inc (LGCY)
According to the 24-hour chart, there is a support level at 7.88, which, if violated, would cause prices to drop to 7.65. In the upper region, resistance lies at 8.29. The next price resistance is at 8.47. RSI (Relative Strength Index) is 75.40 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.09, which suggests the price will increase in the coming days. Percent R is at 5.47%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
