Landsea Homes Corporation’s recent filing unveils that its Director Tian Ming unloaded Company’s shares for reported $25.85 million on Dec 09 ’24. In the deal valued at $10.25 per share,2,521,740 shares were sold. As a result of this transaction, Tian Ming now holds 6,543,411 shares worth roughly $56.86 million.
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Then, Tian Ming sold 378,260 shares, generating $3,877,165 in total proceeds. Upon selling the shares at $10.25, the Director now owns 6,165,151 shares.
Before that, CHEN HUAIJUN sold 3,565,217 shares. Landsea Homes Corporation shares valued at $36,543,474 were divested by the 10% Owner at a price of $10.25 per share. As a result of the transaction, CHEN HUAIJUN now holds 534,783 shares, worth roughly $4.65 million.
Oppenheimer initiated its Landsea Homes Corporation [LSEA] rating to an Outperform in a research note published on May 31, 2024; the price target was $14. A number of analysts have revised their coverage, including Wedbush’s analysts, who began to cover the stock in late June with a ‘”a Neutral”‘ rating. BTIG Research began covering LSEA with “Neutral” recommendation on September 15, 2022. Barclays started covering the stock on February 05, 2021. It rated LSEA as “an Equal weight”.
Price Performance Review of LSEA
On Tuesday, Landsea Homes Corporation [NASDAQ:LSEA] saw its stock fall -1.25% to $8.69. Over the last five days, the stock has lost -8.14%. Landsea Homes Corporation shares have fallen nearly -33.87% since the year began. Nevertheless, the stocks have fallen -34.22% over the past one year. While a 52-week high of $14.91 was reached on 03/28/24, a 52-week low of $8.28 was recorded on 07/10/24. SMA at 50 days reached $10.80, while 200 days put it at $11.13.
Levels Of Support And Resistance For LSEA Stock
The 24-hour chart illustrates a support level at 8.57, which if violated will result in even more drops to 8.46. On the upside, there is a resistance level at 8.79. A further resistance level may holdings at 8.90. The Relative Strength Index (RSI) on the 14-day chart is 25.06, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.94, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.82%. Stochastics %K at 6.47% indicates the stock is a buying.
How much short interest is there in Landsea Homes Corporation?
A steep rise in short interest was recorded in Landsea Homes Corporation stocks on 2024-11-29, growing by 8275.0 shares to a total of 1.36 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.35 million shares. There was a rise of 0.61%, which implies that there is a positive sentiment for the stock.
