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Recent Insider Activity Suggests Potential Gains for Legacy Education Inc (LGCY)

Legacy Education Inc’s recently made public that its 10% Owner DEROSE ROBERT acquired Company’s shares for reported $18200.0 on Dec 16 ’24. In the deal valued at $9.10 per share,2,000 shares were bought. As a result of this transaction, DEROSE ROBERT now holds 1,089,974 shares worth roughly $9.07 million.

Then, DEROSE ROBERT bought 1,000 shares, generating $6,830 in total proceeds. Upon buying the shares at $6.83, the 10% Owner now owns 2,000 shares.

Before that, DEROSE ROBERT bought 2,500 shares. Legacy Education Inc shares valued at $17,450 were divested by the 10% Owner at a price of $6.98 per share. As a result of the transaction, DEROSE ROBERT now holds 1,087,974 shares, worth roughly $9.05 million.

Northland Capital initiated its Legacy Education Inc [LGCY] rating to an Outperform in a research note published on October 22, 2024; the price target was $8.25. A number of analysts have revised their coverage, including Ladenburg Thalmann’s analysts, who began to cover the stock in late October with a ‘”a Buy”‘ rating.

Price Performance Review of LGCY

On Tuesday, Legacy Education Inc [AMEX:LGCY] saw its stock fall -2.12% to $8.32. Over the last five days, the stock has lost -1.07%. Legacy Education Inc shares have risen nearly 106.97% since the year began.

Levels Of Support And Resistance For LGCY Stock

The 24-hour chart illustrates a support level at 8.16, which if violated will result in even more drops to 7.99. On the upside, there is a resistance level at 8.59. A further resistance level may holdings at 8.85. The Relative Strength Index (RSI) on the 14-day chart is 57.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.34%. Stochastics %K at 25.57% indicates the stock is a holding.

How much short interest is there in Legacy Education Inc?

A steep rise in short interest was recorded in Legacy Education Inc stocks on 2024-10-31, dropping by 6398.0 shares to a total of 16999.0 shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 23397.0 shares. There was a decline of -37.64%, which implies that there is a negative sentiment for the stock.

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