LifeMD Inc’s recent filing unveils that its CEO Justin Schreiber acquired Company’s shares for reported $0.66 million on Dec 02 ’24. In the deal valued at $6.60 per share,100,000 shares were bought.
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Then, Galluppi Stefan bought 3,000 shares, generating $14,790 in total proceeds. Upon buying the shares at $4.93, the Chief Innovation Officer now owns 45,449 shares.
A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who began to cover the stock in early June with a ‘”an Overweight”‘ rating. Craig Hallum began covering LFMD with “Buy” recommendation on November 30, 2023. Cantor Fitzgerald started covering the stock on July 21, 2023. It rated LFMD as “an Overweight”.
Price Performance Review of LFMD
On Monday, LifeMD Inc [NASDAQ:LFMD] saw its stock fall -0.76% to $6.54. Over the last five days, the stock has gained 12.76%. LifeMD Inc shares have fallen nearly -21.11% since the year began. Nevertheless, the stocks have fallen -15.06% over the past one year. While a 52-week high of $12.88 was reached on 05/07/24, a 52-week low of $3.99 was recorded on 10/30/24. SMA at 50 days reached $5.16, while 200 days put it at $7.14.
Levels Of Support And Resistance For LFMD Stock
The 24-hour chart illustrates a support level at 6.39, which if violated will result in even more drops to 6.23. On the upside, there is a resistance level at 6.69. A further resistance level may holdings at 6.83. The Relative Strength Index (RSI) on the 14-day chart is 62.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.74%. Stochastics %K at 55.41% indicates the stock is a holding.
How much short interest is there in LifeMD Inc?
A steep rise in short interest was recorded in LifeMD Inc stocks on 2024-11-15, growing by 0.29 million shares to a total of 5.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 5.57 million shares. There was a rise of 5.03%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 03, 2023 when H.C. Wainwright began covering the stock and recommended ‘”a Buy”‘ rating along with a $9 price target.
