In a filing, Lemonade Inc revealed its Chief Business Officer Prosor Maya unloaded Company’s shares for reported $1.5 million on Nov 21 ’24. In the deal valued at $50.00 per share,30,000 shares were sold. As a result of this transaction, Prosor Maya now holds 29,286 shares worth roughly $1.52 million.
Then, Eckstein Adina sold 23,644 shares, generating $1,182,200 in total proceeds. Upon selling the shares at $50.00, the Chief Operating Officer now owns 189,653 shares.
Before that, Eckstein Adina sold 23,644 shares. Lemonade Inc shares valued at $945,760 were divested by the Chief Operating Officer at a price of $40.00 per share. As a result of the transaction, Eckstein Adina now holds 189,653 shares, worth roughly $9.83 million.
Morgan Stanley upgraded its Lemonade Inc [LMND] rating to an Equal-weight from a an Underweight in a research note published on November 20, 2024; the price target was increased to $42 from $23. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who decreased its forecast for the stock in early November from “a Mkt perform” to “an Underperform”. TD Cowen began covering LMND with “Market perform” recommendation on January 10, 2024. Oppenheimer revised its rating on December 01, 2023. It rated LMND as “a Perform” which previously was an “an Outperform”.
Price Performance Review of LMND
On Friday, Lemonade Inc [NYSE:LMND] saw its stock jump 5.39% to $51.81. Over the last five days, the stock has gained 2.88%. Lemonade Inc shares have risen nearly 221.20% since the year began. Nevertheless, the stocks have risen 184.20% over the past one year. While a 52-week high of $53.85 was reached on 11/25/24, a 52-week low of $14.03 was recorded on 06/17/24. SMA at 50 days reached $25.56, while 200 days put it at $19.47.
Levels Of Support And Resistance For LMND Stock
The 24-hour chart illustrates a support level at 49.51, which if violated will result in even more drops to 47.20. On the upside, there is a resistance level at 53.40. A further resistance level may holdings at 54.99. The Relative Strength Index (RSI) on the 14-day chart is 81.99, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 8.44, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.33%. Stochastics %K at 85.58% indicates the stock is a selling.
How much short interest is there in Lemonade Inc?
A steep rise in short interest was recorded in Lemonade Inc stocks on 2024-11-15, dropping by -0.16 million shares to a total of 15.84 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 16.01 million shares. There was a decline of -1.03%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 20, 2023 when Morgan Stanley began covering the stock and recommended ‘”an Underweight”‘ rating along with a $14 price target.
