Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Lithia Motors, Inc shares valued at $101,326 were sold by Stork David on Dec 10 ’24. At $379.50 per share, Stork David sold 267 shares. The insider’s holdings dropped to 3,197 shares worth approximately $1.14 million following the completion of this transaction.
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Also, Stork David purchased 267 shares, netting a total of over 101,326 in proceeds.
Before that, Miller Tina had sold 1,000 shares from its account. In a trade valued at $392,720, the Chief Financial Officer traded Lithia Motors, Inc shares for $392.72 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $3.71 million.
As published in their initiating research note from Stephens on September 12, 2024, Lithia Motors, Inc [LAD] has been an Overweight and the price target has been revised to $360. Analysts at Guggenheim upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early August. As of June 10, 2024, JP Morgan has increased its “Neutral” rating to a “an Overweight” for LAD. Earlier on May 17, 2024, Guggenheim downgraded its rating. Their new recommendation was “a Neutral” for LAD stock which previously was a “a Buy”.
Analyzing LAD Stock Performance
During the last five days, there has been a drop of approximately -6.21%. Over the course of the year, Lithia Motors, Inc shares have jumped approximately 8.42%. Shares of the company reached a 52-week high of $405.67 on 11/25/24 and a 52-week low of $243.00 on 04/25/24. A 50-day SMA is recorded $356.25, while a 200-day SMA reached $294.77. Nevertheless, trading volume fell to 0.58 million shares from 0.39 million shares the previous day.
Support And Resistance Levels for Lithia Motors, Inc (LAD)
According to the 24-hour chart, there is a support level at 350.82, which, if violated, would cause prices to drop to 344.65. In the upper region, resistance lies at 369.35. The next price resistance is at 381.71. RSI (Relative Strength Index) is 36.88 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -8.95, which suggests the price will decrease in the coming days. Percent R is at 100.00%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
