Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Littelfuse, Inc shares valued at $353,289 were sold by Cole Matthew on Sep 12 ’24. At $246.02 per share, Cole Matthew sold 1,436 shares. The insider’s holdings dropped to 5,522 shares worth approximately $1.36 million following the completion of this transaction.
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Also, Cole Matthew purchased 1,436 shares, netting a total of over 353,290 in proceeds.
Before that, Chu Maggie had sold 1,234 shares from its account. In a trade valued at $336,838, the SVP, CHRO traded Littelfuse, Inc shares for $272.96 each. Upon closing the transaction, the insider’s holdings decreased to 1,234 shares, worth approximately $0.72 million.
As published in a research note from Oppenheimer on October 17, 2024, Littelfuse, Inc [LFUS] has been rated up from a Perform to an Outperform and the price target has been revised to $310. Analysts at Stifel upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid August. As of August 01, 2024, TD Cowen has reiterated its “Hold” rating for LFUS. Earlier on May 17, 2024, Robert W. Baird upgraded its rating. Their new recommendation was “an Outperform” for LFUS stock which previously was a “a Neutral”.
Analyzing LFUS Stock Performance
During the last five days, there has been a surge of approximately 3.32%. Over the course of the year, Littelfuse, Inc shares have dropped approximately -8.12%. Shares of the company reached a 52-week high of $275.58 on 07/16/24 and a 52-week low of $222.91 on 05/01/24. A 50-day SMA is recorded $254.28, while a 200-day SMA reached $250.30. Nevertheless, trading volume fell to 60569.0 shares from 0.2 million shares the previous day.
Support And Resistance Levels for Littelfuse, Inc (LFUS)
According to the 24-hour chart, there is a support level at 243.48, which, if violated, would cause prices to drop to 241.11. In the upper region, resistance lies at 248.58. The next price resistance is at 251.31. RSI (Relative Strength Index) is 46.21 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.57, which suggests the price will increase in the coming days. Percent R is at 56.86%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
