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Recent Insider Activity Suggests Potential Gains for Las Vegas Sands Corp (LVS)

Las Vegas Sands Corp’s filing revealed that its Chairman & CEO Goldstein Robert G unloaded Company’s shares for reported $3.19 million on Nov 29 ’24. In the deal valued at $53.02 per share,60,187 shares were sold. As a result of this transaction, Goldstein Robert G now holds 0 shares worth roughly $0.0.

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Then, Hudson D. Zachary sold 25,785 shares, generating $1,325,349 in total proceeds. Upon selling the shares at $51.40, the EVP and Global General Counsel now owns 0 shares.

Before that, Hudson D. Zachary bought 25,785 shares. Las Vegas Sands Corp shares valued at $1,325,258 were divested by the Officer at a price of $51.40 per share.

UBS downgraded its Las Vegas Sands Corp [LVS] rating to a Neutral from a a Buy in a research note published on August 23, 2024; the price target was decreased to $49 from $70. A number of analysts have revised their coverage, including Argus’s analysts, who decreased its forecast for the stock in mid August from “a Buy” to “a Hold”. Seaport Research Partners began covering LVS with “Buy” recommendation on April 15, 2024. Mizuho started covering the stock on March 26, 2024. It rated LVS as “a Buy”.

Price Performance Review of LVS

On Friday, Las Vegas Sands Corp [NYSE:LVS] saw its stock jump 0.13% to $53.87. Over the last five days, the stock has lost -0.22%. Las Vegas Sands Corp shares have risen nearly 9.47% since the year began. Nevertheless, the stocks have risen 10.78% over the past one year. While a 52-week high of $56.60 was reached on 12/09/24, a 52-week low of $36.62 was recorded on 08/05/24. SMA at 50 days reached $51.87, while 200 days put it at $46.68.

Levels Of Support And Resistance For LVS Stock

The 24-hour chart illustrates a support level at 53.43, which if violated will result in even more drops to 53.00. On the upside, there is a resistance level at 54.30. A further resistance level may holdings at 54.74. The Relative Strength Index (RSI) on the 14-day chart is 57.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 43.80%. Stochastics %K at 62.24% indicates the stock is a holding.

How much short interest is there in Las Vegas Sands Corp?

A steep rise in short interest was recorded in Las Vegas Sands Corp stocks on 2024-11-29, growing by 9.35 million shares to a total of 26.84 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 17.49 million shares. There was a rise of 34.83%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on December 15, 2023 when Susquehanna began covering the stock and recommended ‘”a Positive”‘ rating along with a $59 price target.

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