Life360 Inc’s recently made public that its Director Synge James unloaded Company’s shares for reported $1.11 million on Nov 26 ’24. In the deal valued at $44.28 per share,25,000 shares were sold. As a result of this transaction, Synge James now holds 266,944 shares worth roughly $13.88 million.
Then, Goines Mark sold 50,000 shares, generating $2,035,000 in total proceeds. Upon selling the shares at $40.70, the Director now owns 76,272 shares.
Before that, Goines Mark sold 10,000 shares. Life360 Inc shares valued at $438,900 were divested by the Director at a price of $43.89 per share. As a result of the transaction, Goines Mark now holds 66,272 shares, worth roughly $3.45 million.
Jefferies initiated its Life360 Inc [LIF] rating to a Buy in a research note published on August 09, 2024; the price target was $43. A number of analysts have revised their coverage, including Stifel’s analysts, who began to cover the stock in early July with a ‘”a Buy”‘ rating. JMP Securities began covering LIF with “Mkt outperform” recommendation on June 20, 2024. Loop Capital started covering the stock on June 17, 2024. It rated LIF as “a Buy”.
Price Performance Review of LIF
On Monday, Life360 Inc [NASDAQ:LIF] saw its stock jump 5.46% to $52.00. Over the last five days, the stock has gained 26.98%. Life360 Inc shares have risen nearly 92.59% since the year began.
Levels Of Support And Resistance For LIF Stock
The 24-hour chart illustrates a support level at 50.04, which if violated will result in even more drops to 48.08. On the upside, there is a resistance level at 53.20. A further resistance level may holdings at 54.40. The Relative Strength Index (RSI) on the 14-day chart is 70.01, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.53, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.35%. Stochastics %K at 98.02% indicates the stock is a selling.
How much short interest is there in Life360 Inc?
A steep rise in short interest was recorded in Life360 Inc stocks on 2024-11-15, growing by 98553.0 shares to a total of 0.55 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 0.45 million shares. There was a rise of 17.9%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 17, 2024 when Evercore ISI began covering the stock and recommended ‘”an Outperform”‘ rating along with a $37 price target.
