In a filing, Loar Holdings Inc revealed its Director LEVY PAUL S unloaded Company’s shares for reported $20.42 million on Dec 12 ’24. In the deal valued at $81.17 per share,251,616 shares were sold. As a result of this transaction, LEVY PAUL S now holds 9,357,002 shares worth roughly $713.94 million.
Then, Manella Michael J. sold 28,153 shares, generating $2,285,320 in total proceeds. Upon selling the shares at $81.17, the insider now owns 580,388 shares.
Before that, D’Alessandro Glenn sold 28,518 shares. Loar Holdings Inc shares valued at $2,314,949 were divested by the insider at a price of $81.17 per share. As a result of the transaction, D’Alessandro Glenn now holds 1,060,510 shares, worth roughly $80.92 million.
Jefferies initiated its Loar Holdings Inc [LOAR] rating to a Buy in a research note published on June 03, 2024; the price target was $65. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who began to cover the stock in mid May with a ‘”an Outperform”‘ rating. Morgan Stanley began covering LOAR with “an Equal-weight” recommendation on May 20, 2024. Citigroup started covering the stock on May 20, 2024. It rated LOAR as “a Buy”.
Price Performance Review of LOAR
On Friday, Loar Holdings Inc [NYSE:LOAR] saw its stock jump 3.14% to $76.30. Over the last five days, the stock has lost -0.44%. Loar Holdings Inc shares have risen nearly 3.23% since the year began.
Levels Of Support And Resistance For LOAR Stock
The 24-hour chart illustrates a support level at 74.89, which if violated will result in even more drops to 73.48. On the upside, there is a resistance level at 77.21. A further resistance level may holdings at 78.12. The Relative Strength Index (RSI) on the 14-day chart is 42.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.73, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.55%. Stochastics %K at 26.54% indicates the stock is a holding.
How much short interest is there in Loar Holdings Inc?
A steep rise in short interest was recorded in Loar Holdings Inc stocks on 2024-12-13, dropping by 28231.0 shares to a total of 1.76 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 1.79 million shares. There was a decline of -1.61%, which implies that there is a negative sentiment for the stock.
