Ladder Capital Corp’s filing revealed that its Head of Asset Management Perelman Robert unloaded Company’s shares for reported $0.3 million on Sep 13 ’24. In the deal valued at $12.15 per share,25,000 shares were sold. As a result of this transaction, Perelman Robert now holds 351,453 shares worth roughly $3.96 million.
Then, McCormack Pamela sold 50,000 shares, generating $612,500 in total proceeds. Upon selling the shares at $12.25, the President now owns 548,863 shares.
Before that, McCormack Pamela sold 100,000 shares. Ladder Capital Corp shares valued at $1,217,000 were divested by the President at a price of $12.17 per share. As a result of the transaction, McCormack Pamela now holds 598,863 shares, worth roughly $6.74 million.
A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in late June with a ‘”an Outperform”‘ rating. Raymond James also remained covering LADR and has decreased its forecast on July 27, 2023 with a “an Outperform” recommendation from previously “Strong buy” rating.
Price Performance Review of LADR
On Monday, Ladder Capital Corp [NYSE:LADR] saw its stock fall -0.35% to $11.26. Over the last five days, the stock has lost -1.31%. Ladder Capital Corp shares have fallen nearly -2.17% since the year began. Nevertheless, the stocks have fallen -3.35% over the past one year. While a 52-week high of $12.48 was reached on 07/25/24, a 52-week low of $10.10 was recorded on 02/13/24. SMA at 50 days reached $11.57, while 200 days put it at $11.42.
Levels Of Support And Resistance For LADR Stock
The 24-hour chart illustrates a support level at 11.16, which if violated will result in even more drops to 11.06. On the upside, there is a resistance level at 11.33. A further resistance level may holdings at 11.41. The Relative Strength Index (RSI) on the 14-day chart is 38.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.50%. Stochastics %K at 27.41% indicates the stock is a holding.
How much short interest is there in Ladder Capital Corp?
A steep rise in short interest was recorded in Ladder Capital Corp stocks on 2024-12-13, dropping by -0.46 million shares to a total of 1.54 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 1.99 million shares. There was a decline of -29.73%, which implies that there is a negative sentiment for the stock.
