Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Lyft Inc shares valued at $421,487 were sold by Llewellyn Lindsay Catherine on Dec 02 ’24. At $17.17 per share, Llewellyn Lindsay Catherine sold 24,550 shares. The insider’s holdings dropped to 707,267 shares worth approximately $9.63 million following the completion of this transaction.
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Also, Green Logan sold 10,919 shares, netting a total of over 188,313 in proceeds. Following the sale of shares at $17.25 each, the insider now holds 314,492 shares.
Before that, Llewellyn Lindsay Catherine had added 24,550 shares to its account. In a trade valued at $421,486, the Officer bought Lyft Inc shares for $17.17 each.
As published in their initiating research note from The Benchmark Company on October 25, 2024, Lyft Inc [LYFT] has been a Hold. As of September 05, 2024, Cantor Fitzgerald has initiated its “Neutral” rating for LYFT. Earlier on August 23, 2024, Nomura upgraded its rating. Their new recommendation was “a Neutral” for LYFT stock which previously was a “a Reduce”.
Analyzing LYFT Stock Performance
During the last five days, there has been a drop of approximately -11.74%. Over the course of the year, Lyft Inc shares have dropped approximately -9.21%. Shares of the company reached a 52-week high of $20.82 on 03/21/24 and a 52-week low of $8.93 on 08/07/24. A 50-day SMA is recorded $15.32, while a 200-day SMA reached $14.73. Nevertheless, trading volume fell to 18.15 million shares from 8.9 million shares the previous day.
Support And Resistance Levels for Lyft Inc (LYFT)
According to the 24-hour chart, there is a support level at 13.26, which, if violated, would cause prices to drop to 12.90. In the upper region, resistance lies at 14.24. The next price resistance is at 14.86. RSI (Relative Strength Index) is 34.05 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.67, which suggests the price will decrease in the coming days. Percent R is at 98.05%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
