The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Lifecore Biomedical Inc shares valued at $71,691 were purchased by Morberg John D on Nov 20 ’24. At $7.17 per share, Morberg John D acquired 10,000 shares.
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Also, Morberg John D purchased 30,990 shares, netting a total of over 205,803 in proceeds.
Before that, Morberg John D had added 40,989 shares to its account. In a trade valued at $232,888, the Former officer bought Lifecore Biomedical Inc shares for $5.68 each.
As published in their initiating research note from Craig Hallum on September 05, 2024, Lifecore Biomedical Inc [LFCR] has been a Buy and the price target has been revised to $8. Analysts at Barrington Research downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in late August. As of March 20, 2023, Stephens has decreased its “an Overweight” rating to a “an Equal-weight” for LFCR.
Analyzing LFCR Stock Performance
During the last five days, there has been a surge of approximately 0.20%. Over the course of the year, Lifecore Biomedical Inc shares have jumped approximately 21.08%. Shares of the company reached a 52-week high of $8.90 on 02/09/24 and a 52-week low of $3.68 on 08/29/24. A 50-day SMA is recorded $5.72, while a 200-day SMA reached $5.90. Nevertheless, trading volume fell to 0.19 million shares from 0.23 million shares the previous day.
Support And Resistance Levels for Lifecore Biomedical Inc (LFCR)
According to the 24-hour chart, there is a support level at 7.39, which, if violated, would cause prices to drop to 7.29. In the upper region, resistance lies at 7.67. The next price resistance is at 7.84. RSI (Relative Strength Index) is 66.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.45, which suggests the price will decrease in the coming days. Percent R is at 28.78%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
