Lifecore Biomedical Inc’s filing revealed that its Former officer Morberg John D acquired Company’s shares for reported $71691.0 on Nov 20 ’24. In the deal valued at $7.17 per share,10,000 shares were bought.
Then, Morberg John D bought 30,990 shares, generating $205,803 in total proceeds.
Before that, Morberg John D bought 40,989 shares. Lifecore Biomedical Inc shares valued at $232,888 were divested by the Former officer at a price of $5.68 per share.
Craig Hallum initiated its Lifecore Biomedical Inc [LFCR] rating to a Buy in a research note published on September 05, 2024; the price target was $8. A number of analysts have revised their coverage, including Barrington Research’s analysts, who decreased its forecast for the stock in late August from “an Outperform” to “a Mkt perform”. Stephens also remained covering LFCR and has decreased its forecast on March 20, 2023 with a “an Equal-weight” recommendation from previously “an Overweight” rating.
Price Performance Review of LFCR
On Friday, Lifecore Biomedical Inc [NASDAQ:LFCR] saw its stock jump 2.40% to $7.24. Over the last five days, the stock has lost -4.86%. Lifecore Biomedical Inc shares have risen nearly 16.96% since the year began. Nevertheless, the stocks have risen 18.69% over the past one year. While a 52-week high of $8.90 was reached on 02/09/24, a 52-week low of $3.68 was recorded on 08/29/24. SMA at 50 days reached $6.51, while 200 days put it at $5.84.
Levels Of Support And Resistance For LFCR Stock
The 24-hour chart illustrates a support level at 7.06, which if violated will result in even more drops to 6.88. On the upside, there is a resistance level at 7.39. A further resistance level may holdings at 7.54. The Relative Strength Index (RSI) on the 14-day chart is 52.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.14%. Stochastics %K at 22.65% indicates the stock is a holding.
How much short interest is there in Lifecore Biomedical Inc?
A steep rise in short interest was recorded in Lifecore Biomedical Inc stocks on 2024-11-29, dropping by -0.23 million shares to a total of 2.34 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 2.57 million shares. There was a decline of -9.82%, which implies that there is a negative sentiment for the stock.
