Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Las Vegas Sands Corp shares valued at $3,191,115 were sold by Goldstein Robert G on Nov 29 ’24. At $53.02 per share, Goldstein Robert G sold 60,187 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Hudson D. Zachary sold 25,785 shares, netting a total of over 1,325,349 in proceeds. Following the sale of shares at $51.40 each, the insider now holds 0 shares.
Before that, Hudson D. Zachary had added 25,785 shares to its account. In a trade valued at $1,325,258, the Officer bought Las Vegas Sands Corp shares for $51.40 each.
As published in a research note from UBS on August 23, 2024, Las Vegas Sands Corp [LVS] has been rated down from a Buy to a Neutral and the price target has been revised to $49 from $70. Analysts at Argus downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid August. As of April 15, 2024, Seaport Research Partners has initiated its “Buy” rating for LVS. Earlier on March 26, 2024, Mizuho initiated its rating. Their recommendation was “a Buy” for LVS stock.
Analyzing LVS Stock Performance
During the last five days, there has been a surge of approximately 1.86%. Over the course of the year, Las Vegas Sands Corp shares have jumped approximately 5.61%. Shares of the company reached a 52-week high of $56.60 on 12/09/24 and a 52-week low of $36.62 on 08/05/24. A 50-day SMA is recorded $51.84, while a 200-day SMA reached $46.71. Nevertheless, trading volume fell to 1.66 million shares from 0.97 million shares the previous day.
Support And Resistance Levels for Las Vegas Sands Corp (LVS)
According to the 24-hour chart, there is a support level at 51.62, which, if violated, would cause prices to drop to 51.27. In the upper region, resistance lies at 52.31. The next price resistance is at 52.65. RSI (Relative Strength Index) is 48.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.19, which suggests the price will decrease in the coming days. Percent R is at 81.39%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
