Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Landstar System, Inc shares valued at $184,320 were sold by Todd James P on Nov 06 ’24. At $184.32 per share, Todd James P sold 1,000 shares. The insider’s holdings dropped to 14,083 shares worth approximately $2.6 million following the completion of this transaction.
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Also, BANNISTER DAVID G/ sold 5,000 shares, netting a total of over 885,000 in proceeds. Following the sale of shares at $177.00 each, the insider now holds 24,645 shares.
Before that, BANNISTER DAVID G/ had sold 5,000 shares from its account. In a trade valued at $881,836, the Director traded Landstar System, Inc shares for $176.37 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $5.47 million.
As published in a research note from Raymond James on November 15, 2024, Landstar System, Inc [LSTR] has been rated down from an Outperform to a Mkt perform. Analysts at TD Cowen resumed the stock at ‘”a Hold”‘ outlook in a report released in late October. As of July 31, 2024, TD Cowen has reiterated its “Hold” rating for LSTR. Earlier on July 11, 2024, Wolfe Research downgraded its rating. Their new recommendation was “a Peer perform” for LSTR stock which previously was a “an Outperform”.
Analyzing LSTR Stock Performance
During the last five days, there has been a drop of approximately -0.96%. Over the course of the year, Landstar System, Inc shares have dropped approximately -3.73%. Shares of the company reached a 52-week high of $200.43 on 01/24/24 and a 52-week low of $165.39 on 04/17/24. A 50-day SMA is recorded $184.36, while a 200-day SMA reached $183.47. Nevertheless, trading volume fell to 0.54 million shares from 0.35 million shares the previous day.
Support And Resistance Levels for Landstar System, Inc (LSTR)
According to the 24-hour chart, there is a support level at 181.66, which, if violated, would cause prices to drop to 178.81. In the upper region, resistance lies at 187.56. The next price resistance is at 190.61. RSI (Relative Strength Index) is 49.73 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.46, which suggests the price will increase in the coming days. Percent R is at 48.26%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
