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Investing in Lineage Inc (LINE): What You Must Know

Lineage Inc’s recent filing unveils that its Director Falotico Nancy Joy acquired Company’s shares for reported $0.1 million on Jul 26 ’24. In the deal valued at $78.00 per share,1,300 shares were bought. As a result of this transaction, Falotico Nancy Joy now holds 2,452 shares worth roughly $0.16 million.

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Then, Wentworth Lynn A bought 3,100 shares, generating $241,800 in total proceeds. Upon buying the shares at $78.00, the Director now owns 4,910 shares.

Before that, Crisci Robert bought 10,000 shares. Lineage Inc shares valued at $780,000 were divested by the Chief Financial Officer at a price of $78.00 per share. As a result of the transaction, Crisci Robert now holds 10,000 shares, worth roughly $0.64 million.

CapitalOne initiated its Lineage Inc [LINE] rating to an Overweight in a research note published on September 18, 2024; the price target was $91. A number of analysts have revised their coverage, including CapitalOne’s analysts, who began to cover the stock in mid September with a ‘”an Overweight”‘ rating. Wells Fargo began covering LINE with “an Equal weight” recommendation on August 19, 2024. UBS started covering the stock on August 19, 2024. It rated LINE as “a Neutral”.

Price Performance Review of LINE

On Monday, Lineage Inc [NASDAQ:LINE] saw its stock jump 2.33% to $63.57. Over the last five days, the stock has gained 0.41%. Lineage Inc shares have fallen nearly -21.30% since the year began.

Levels Of Support And Resistance For LINE Stock

The 24-hour chart illustrates a support level at 62.51, which if violated will result in even more drops to 61.44. On the upside, there is a resistance level at 64.26. A further resistance level may holdings at 64.94. The Relative Strength Index (RSI) on the 14-day chart is 37.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.23%. Stochastics %K at 31.14% indicates the stock is a holding.

How much short interest is there in Lineage Inc?

A steep rise in short interest was recorded in Lineage Inc stocks on 2024-11-15, dropping by 818.0 shares to a total of 3.36 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 3.36 million shares. There was a decline of -0.02%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on August 19, 2024 when Truist began covering the stock and recommended ‘”a Buy”‘ rating along with a $94 price target.

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