Lyft Inc’s filing revealed that its CHIEF LEGAL OFFICER, SECRETARY Llewellyn Lindsay Catherine unloaded Company’s shares for reported $0.42 million on Dec 02 ’24. In the deal valued at $17.17 per share,24,550 shares were sold. As a result of this transaction, Llewellyn Lindsay Catherine now holds 707,267 shares worth roughly $10.0 million.
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Then, Green Logan sold 10,919 shares, generating $188,313 in total proceeds. Upon selling the shares at $17.25, the Director now owns 314,492 shares.
Before that, Llewellyn Lindsay Catherine bought 24,550 shares. Lyft Inc shares valued at $421,486 were divested by the Officer at a price of $17.17 per share.
The Benchmark Company initiated its Lyft Inc [LYFT] rating to a Hold in a research note published recently. Cantor Fitzgerald began covering LYFT with “Neutral” recommendation on September 05, 2024. Nomura revised its rating on August 23, 2024. It rated LYFT as “a Neutral” which previously was an “a Reduce”.
Price Performance Review of LYFT
On Friday, Lyft Inc [NASDAQ:LYFT] saw its stock fall -4.78% to $14.14. Over the last five days, the stock has lost -11.29%. Lyft Inc shares have fallen nearly -5.67% since the year began. Nevertheless, the stocks have fallen -3.61% over the past one year. While a 52-week high of $20.82 was reached on 03/21/24, a 52-week low of $8.93 was recorded on 08/07/24. SMA at 50 days reached $15.23, while 200 days put it at $14.77.
Levels Of Support And Resistance For LYFT Stock
The 24-hour chart illustrates a support level at 13.84, which if violated will result in even more drops to 13.54. On the upside, there is a resistance level at 14.69. A further resistance level may holdings at 15.24. The Relative Strength Index (RSI) on the 14-day chart is 36.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.74%. Stochastics %K at 6.76% indicates the stock is a buying.
How much short interest is there in Lyft Inc?
A steep rise in short interest was recorded in Lyft Inc stocks on 2024-11-29, dropping by -6.68 million shares to a total of 39.46 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 46.14 million shares. There was a decline of -16.94%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 22, 2024 when Melius began covering the stock and recommended ‘”a Hold”‘ rating along with a $15 price target.
