Lyft Inc’s recently made public that its Director Green Logan unloaded Company’s shares for reported $0.19 million on Nov 27 ’24. In the deal valued at $17.25 per share,10,919 shares were sold. As a result of this transaction, Green Logan now holds 314,492 shares worth roughly $5.32 million.
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Then, Llewellyn Lindsay Catherine bought 24,550 shares, generating $421,486 in total proceeds.
Before that, LOGAN GREEN bought 10,919 shares. Lyft Inc shares valued at $192,284 were divested by the Director at a price of $17.61 per share.
The Benchmark Company initiated its Lyft Inc [LYFT] rating to a Hold in a research note published recently. Cantor Fitzgerald began covering LYFT with “Neutral” recommendation on September 05, 2024. Nomura revised its rating on August 23, 2024. It rated LYFT as “a Neutral” which previously was an “a Reduce”.
Price Performance Review of LYFT
On Tuesday, Lyft Inc [NASDAQ:LYFT] saw its stock fall -1.46% to $16.92. Over the last five days, the stock has lost -5.42%. Lyft Inc shares have risen nearly 12.88% since the year began. Nevertheless, the stocks have risen 28.77% over the past one year. While a 52-week high of $20.82 was reached on 03/21/24, a 52-week low of $8.93 was recorded on 08/07/24. SMA at 50 days reached $14.78, while 200 days put it at $14.79.
Levels Of Support And Resistance For LYFT Stock
The 24-hour chart illustrates a support level at 16.76, which if violated will result in even more drops to 16.60. On the upside, there is a resistance level at 17.20. A further resistance level may holdings at 17.48. The Relative Strength Index (RSI) on the 14-day chart is 55.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.80%. Stochastics %K at 35.43% indicates the stock is a holding.
How much short interest is there in Lyft Inc?
A steep rise in short interest was recorded in Lyft Inc stocks on 2024-11-15, growing by 3.04 million shares to a total of 50.47 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 47.44 million shares. There was a rise of 6.02%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 22, 2024 when Melius began covering the stock and recommended ‘”a Hold”‘ rating along with a $15 price target.
