The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. LXP Industrial Trust shares valued at $134,250 were purchased by Gupta Arun on Jun 12 ’24. At $8.95 per share, Gupta Arun acquired 15,000 shares. The insider’s holdings grew to 65,474 shares worth approximately $0.59 million following the completion of this transaction.
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As published in their initiating research note from Exane BNP Paribas on June 04, 2024, LXP Industrial Trust [LXP] has been an Outperform and the price target has been revised to $11. Analysts at KeyBanc Capital Markets upgraded the stock from ‘”a Sector weight”‘ to ‘”an Overweight”‘ outlook in a report released in mid May. As of April 18, 2023, JMP Securities has initiated its “Mkt outperform” rating for LXP.
Analyzing LXP Stock Performance
During the last five days, there has been a drop of approximately -1.74%. Over the course of the year, LXP Industrial Trust shares have dropped approximately -8.67%. Shares of the company reached a 52-week high of $10.56 on 07/31/24 and a 52-week low of $8.23 on 05/29/24. A 50-day SMA is recorded $9.45, while a 200-day SMA reached $9.35. Nevertheless, trading volume fell to 1.51 million shares from 1.73 million shares the previous day.
Support And Resistance Levels for LXP Industrial Trust (LXP)
According to the 24-hour chart, there is a support level at 9.01, which, if violated, would cause prices to drop to 8.95. In the upper region, resistance lies at 9.11. The next price resistance is at 9.16. RSI (Relative Strength Index) is 38.95 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.16, which suggests the price will decrease in the coming days. Percent R is at 88.57%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
