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BMO Capital Markets Downgrades Louisiana-Pacific Corp (LPX) to a Market perform from an Outperform

Louisiana-Pacific Corp’s recently made public that its Director HORTON OZEY K JR unloaded Company’s shares for reported $34023.0 on Nov 12 ’24. In the deal valued at $113.41 per share,300 shares were sold. As a result of this transaction, HORTON OZEY K JR now holds 28,638 shares worth roughly $3.4 million.

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Then, Gottung Lizanne C sold 2,500 shares, generating $245,750 in total proceeds. Upon selling the shares at $98.30, the Director now owns 21,005 shares.

Before that, LIZANNE GOTTUNG bought 5,000 shares. Louisiana-Pacific Corp shares valued at $489,600 were divested by the Director at a price of $97.92 per share.

BMO Capital Markets downgraded its Louisiana-Pacific Corp [LPX] rating to a Market perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Goldman’s analysts, who decreased its forecast for the stock in mid June from “a Neutral” to “a Sell”. Seaport Research Partners also remained covering LPX and has decreased its forecast on May 09, 2024 with a “Neutral” recommendation from previously “Buy” rating. Loop Capital started covering the stock on May 03, 2024. It rated LPX as “a Hold”.

Price Performance Review of LPX

On Monday, Louisiana-Pacific Corp [NYSE:LPX] saw its stock fall -1.39% to $118.60. Over the last five days, the stock has gained 1.08%. Louisiana-Pacific Corp shares have risen nearly 67.44% since the year began. Nevertheless, the stocks have risen 85.11% over the past one year. While a 52-week high of $122.87 was reached on 11/25/24, a 52-week low of $61.25 was recorded on 02/05/24. SMA at 50 days reached $108.92, while 200 days put it at $92.50.

Levels Of Support And Resistance For LPX Stock

The 24-hour chart illustrates a support level at 117.41, which if violated will result in even more drops to 116.22. On the upside, there is a resistance level at 120.70. A further resistance level may holdings at 122.80. The Relative Strength Index (RSI) on the 14-day chart is 61.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.57, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 33.23%. Stochastics %K at 74.63% indicates the stock is a holding.

How much short interest is there in Louisiana-Pacific Corp?

A steep rise in short interest was recorded in Louisiana-Pacific Corp stocks on 2024-11-15, growing by 0.14 million shares to a total of 2.46 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 2.31 million shares. There was a rise of 5.89%, which implies that there is a positive sentiment for the stock.

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