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Recent Insider Activity Could Benefit Li-Cycle Holdings Corp (LICY)

Li-Cycle Holdings Corp’s filing revealed that its Chief Operating Officer Spollen Conor unloaded Company’s shares for reported $9379.0 on Dec 03 ’24. In the deal valued at $1.89 per share,4,970 shares were sold. As a result of this transaction, Spollen Conor now holds 92,699 shares worth roughly $0.16 million.

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Then, Wellings Mark bought 6,250 shares, generating $9,031 in total proceeds. Upon buying the shares at $1.45, the Director now owns 110,908 shares.

Before that, Wellings Mark sold 6,250 shares. Li-Cycle Holdings Corp shares valued at $15,669 were divested by the Director at a price of $2.51 per share. As a result of the transaction, Wellings Mark now holds 45,030 shares, worth roughly $77001.3.

UBS downgraded its Li-Cycle Holdings Corp [LICY] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Chardan Capital Markets’s analysts, who decreased its forecast for the stock in mid November from “a Buy” to “a Neutral”. TD Cowen also remained covering LICY and has decreased its forecast on October 23, 2023 with a “Market perform” recommendation from previously “an Outperform” rating. Cantor Fitzgerald started covering the stock on May 04, 2023. It rated LICY as “a Buy”.

Price Performance Review of LICY

On Tuesday, Li-Cycle Holdings Corp [NYSE:LICY] saw its stock jump 4.91% to $1.71. Over the last five days, the stock has lost -5.52%. Li-Cycle Holdings Corp shares have fallen nearly -63.45% since the year began. Nevertheless, the stocks have fallen -72.36% over the past one year. While a 52-week high of $15.36 was reached on 03/19/24, a 52-week low of $1.22 was recorded on 09/04/24. SMA at 50 days reached $2.3026, while 200 days put it at $3.8717.

Levels Of Support And Resistance For LICY Stock

The 24-hour chart illustrates a support level at 1.6100, which if violated will result in even more drops to 1.5100. On the upside, there is a resistance level at 1.8100. A further resistance level may holdings at 1.9100. The Relative Strength Index (RSI) on the 14-day chart is 39.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.2983, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.18%. Stochastics %K at 5.67% indicates the stock is a buying.

How much short interest is there in Li-Cycle Holdings Corp?

A steep rise in short interest was recorded in Li-Cycle Holdings Corp stocks on 2024-11-29, growing by 40705.0 shares to a total of 1.28 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.24 million shares. There was a rise of 3.19%, which implies that there is a positive sentiment for the stock.

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