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A company insider recently sold 75,000 shares of LifeStance Health Group Inc [LFST]. Should You Sale?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. LifeStance Health Group Inc shares valued at $565,500 were sold by Bessler Robert on Nov 27 ’24. At $7.54 per share, Bessler Robert sold 75,000 shares. The insider’s holdings dropped to 1,424,447 shares worth approximately $10.1 million following the completion of this transaction.

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Also, Bessler Robert purchased 75,000 shares, netting a total of over 565,646 in proceeds.

Before that, Miller Lisa K had sold 10,540 shares from its account. In a trade valued at $78,523, the insider traded LifeStance Health Group Inc shares for $7.45 each. Upon closing the transaction, the insider’s holdings decreased to 10,540 shares, worth approximately $2.05 million.

As published in a research note from Goldman on December 16, 2024, LifeStance Health Group Inc [LFST] has been rated up from a Neutral to a Buy and the price target has been revised to $10. Analysts at Barclays started covering the stock with ‘”an Underweight”‘ outlook in a report released in early January. As of May 15, 2023, TD Cowen has decreased its “an Outperform” rating to a “Market perform” for LFST. Earlier on January 06, 2023, Morgan Stanley upgraded its rating. Their new recommendation was “an Overweight” for LFST stock which previously was a “an Equal-weight”.

Analyzing LFST Stock Performance

During the last five days, there has been a drop of approximately -1.39%. Over the course of the year, LifeStance Health Group Inc shares have dropped approximately -9.45%. Shares of the company reached a 52-week high of $9.20 on 02/28/24 and a 52-week low of $4.64 on 06/26/24. A 50-day SMA is recorded $7.19, while a 200-day SMA reached $6.38. Nevertheless, trading volume fell to 1.7 million shares from 1.09 million shares the previous day.

Support And Resistance Levels for LifeStance Health Group Inc (LFST)

According to the 24-hour chart, there is a support level at 6.86, which, if violated, would cause prices to drop to 6.64. In the upper region, resistance lies at 7.43. The next price resistance is at 7.78. RSI (Relative Strength Index) is 45.17 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.09, which suggests the price will decrease in the coming days. Percent R is at 86.67%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

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