Lithia Motors, Inc’s recently made public that its Chief Administrative Officer Stork David unloaded Company’s shares for reported $0.1 million on Dec 10 ’24. In the deal valued at $379.50 per share,267 shares were sold. As a result of this transaction, Stork David now holds 3,197 shares worth roughly $1.15 million.
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Then, Stork David bought 267 shares, generating $101,326 in total proceeds.
Before that, Miller Tina sold 1,000 shares. Lithia Motors, Inc shares valued at $392,720 were divested by the Chief Financial Officer at a price of $392.72 per share. As a result of the transaction, Miller Tina now holds 10,403 shares, worth roughly $3.74 million.
Stephens initiated its Lithia Motors, Inc [LAD] rating to an Overweight in a research note published on September 12, 2024; the price target was $360. A number of analysts have revised their coverage, including Guggenheim’s analysts, who increased its forecast for the stock in early August from “a Neutral” to “a Buy”. JP Morgan also remained covering LAD and has increased its forecast on June 10, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. Guggenheim revised its rating on May 17, 2024. It rated LAD as “a Neutral” which previously was an “a Buy”.
Price Performance Review of LAD
On Friday, Lithia Motors, Inc [NYSE:LAD] saw its stock fall -0.09% to $359.98. Over the last five days, the stock has lost -5.41%. Lithia Motors, Inc shares have risen nearly 9.32% since the year began. Nevertheless, the stocks have risen 16.47% over the past one year. While a 52-week high of $405.67 was reached on 11/25/24, a 52-week low of $243.00 was recorded on 04/25/24. SMA at 50 days reached $358.45, while 200 days put it at $295.45.
Levels Of Support And Resistance For LAD Stock
The 24-hour chart illustrates a support level at 354.43, which if violated will result in even more drops to 348.89. On the upside, there is a resistance level at 365.87. A further resistance level may holdings at 371.77. The Relative Strength Index (RSI) on the 14-day chart is 40.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -15.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.52%. Stochastics %K at 10.49% indicates the stock is a buying.
How much short interest is there in Lithia Motors, Inc?
A steep rise in short interest was recorded in Lithia Motors, Inc stocks on 2024-11-29, dropping by -0.16 million shares to a total of 2.39 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 2.55 million shares. There was a decline of -6.74%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 17, 2024 when Evercore ISI began covering the stock and recommended ‘”an Outperform”‘ rating along with a $400 price target.
