Loar Holdings Inc’s recently made public that its Director LEVY PAUL S unloaded Company’s shares for reported $20.42 million on Dec 12 ’24. In the deal valued at $81.17 per share,251,616 shares were sold. As a result of this transaction, LEVY PAUL S now holds 9,357,002 shares worth roughly $747.34 million.
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Then, Manella Michael J. sold 28,153 shares, generating $2,285,320 in total proceeds. Upon selling the shares at $81.17, the insider now owns 580,388 shares.
Before that, D’Alessandro Glenn sold 28,518 shares. Loar Holdings Inc shares valued at $2,314,949 were divested by the insider at a price of $81.17 per share. As a result of the transaction, D’Alessandro Glenn now holds 1,060,510 shares, worth roughly $84.7 million.
Jefferies initiated its Loar Holdings Inc [LOAR] rating to a Buy in a research note published on June 03, 2024; the price target was $65. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who began to cover the stock in mid May with a ‘”an Outperform”‘ rating. Morgan Stanley began covering LOAR with “an Equal-weight” recommendation on May 20, 2024. Citigroup started covering the stock on May 20, 2024. It rated LOAR as “a Buy”.
Price Performance Review of LOAR
On Monday, Loar Holdings Inc [NYSE:LOAR] saw its stock jump 0.92% to $79.87. Over the last five days, the stock has lost -12.31%. Loar Holdings Inc shares have risen nearly 63.67% since the year began.
Levels Of Support And Resistance For LOAR Stock
The 24-hour chart illustrates a support level at 78.50, which if violated will result in even more drops to 77.12. On the upside, there is a resistance level at 81.29. A further resistance level may holdings at 82.71. The Relative Strength Index (RSI) on the 14-day chart is 39.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -8.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.53%. Stochastics %K at 7.20% indicates the stock is a buying.
How much short interest is there in Loar Holdings Inc?
A steep rise in short interest was recorded in Loar Holdings Inc stocks on 2024-11-29, dropping by -0.28 million shares to a total of 1.76 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 2.04 million shares. There was a decline of -16.15%, which implies that there is a negative sentiment for the stock.
