Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Life360 Inc shares valued at $1,106,957 were sold by Synge James on Nov 26 ’24. At $44.28 per share, Synge James sold 25,000 shares. The insider’s holdings dropped to 266,944 shares worth approximately $13.67 million following the completion of this transaction.
Also, Goines Mark sold 50,000 shares, netting a total of over 2,035,000 in proceeds. Following the sale of shares at $40.70 each, the insider now holds 76,272 shares.
Before that, Goines Mark had sold 10,000 shares from its account. In a trade valued at $438,900, the Director traded Life360 Inc shares for $43.89 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $3.39 million.
As published in their initiating research note from Jefferies on August 09, 2024, Life360 Inc [LIF] has been a Buy and the price target has been revised to $43. Analysts at Stifel started covering the stock with ‘”a Buy”‘ outlook in a report released in early July. As of June 20, 2024, JMP Securities has initiated its “Mkt outperform” rating for LIF. Earlier on June 17, 2024, Loop Capital initiated its rating. Their recommendation was “a Buy” for LIF stock.
Analyzing LIF Stock Performance
During the last five days, there has been a surge of approximately 3.54%. Over the course of the year, Life360 Inc shares have jumped approximately 89.63%. Nevertheless, trading volume fell to 0.58 million shares from 2.26 million shares the previous day.
Support And Resistance Levels for Life360 Inc (LIF)
According to the 24-hour chart, there is a support level at 50.30, which, if violated, would cause prices to drop to 49.41. In the upper region, resistance lies at 52.25. The next price resistance is at 53.31. RSI (Relative Strength Index) is 65.74 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.69, which suggests the price will increase in the coming days. Percent R is at 11.62%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
