In a filing, Landstar System, Inc revealed its VP and CFO Todd James P unloaded Company’s shares for reported $0.18 million on Nov 06 ’24. In the deal valued at $184.32 per share,1,000 shares were sold. As a result of this transaction, Todd James P now holds 14,083 shares worth roughly $2.43 million.
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Then, BANNISTER DAVID G/ sold 5,000 shares, generating $885,000 in total proceeds. Upon selling the shares at $177.00, the Director now owns 24,645 shares.
Before that, BANNISTER DAVID G/ sold 5,000 shares. Landstar System, Inc shares valued at $881,836 were divested by the Director at a price of $176.37 per share. As a result of the transaction, BANNISTER DAVID G/ now holds 29,645 shares, worth roughly $5.12 million.
Raymond James downgraded its Landstar System, Inc [LSTR] rating to a Mkt perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in late October has reiterated a ‘”a Hold”‘ rating for it. TD Cowen also remained covering LSTR and reiterated its “Hold” recommendation on July 31, 2024. Wolfe Research revised its rating on July 11, 2024. It rated LSTR as “a Peer perform” which previously was an “an Outperform”.
Price Performance Review of LSTR
On Friday, Landstar System, Inc [NASDAQ:LSTR] saw its stock fall -0.79% to $172.64. Over the last five days, the stock has lost -6.82%. Landstar System, Inc shares have fallen nearly -9.92% since the year began. Nevertheless, the stocks have fallen -10.01% over the past one year. While a 52-week high of $200.43 was reached on 01/24/24, a 52-week low of $165.39 was recorded on 04/17/24. SMA at 50 days reached $183.83, while 200 days put it at $183.03.
Levels Of Support And Resistance For LSTR Stock
The 24-hour chart illustrates a support level at 170.74, which if violated will result in even more drops to 168.85. On the upside, there is a resistance level at 175.13. A further resistance level may holdings at 177.63. The Relative Strength Index (RSI) on the 14-day chart is 33.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -8.77, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.28%. Stochastics %K at 3.89% indicates the stock is a buying.
How much short interest is there in Landstar System, Inc?
A steep rise in short interest was recorded in Landstar System, Inc stocks on 2024-11-29, dropping by -0.17 million shares to a total of 0.77 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.95 million shares. There was a decline of -22.24%, which implies that there is a negative sentiment for the stock.
