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LQDA stock rated an Overweight by Wells Fargo

Liquidia Corp’s recent filing unveils that its Chief Commercial Officer Moomaw Scott unloaded Company’s shares for reported $6284.0 on Dec 02 ’24. In the deal valued at $11.51 per share,546 shares were sold. As a result of this transaction, Moomaw Scott now holds 154,127 shares worth roughly $1.89 million.

Then, Kaseta Michael sold 1,091 shares, generating $12,557 in total proceeds. Upon selling the shares at $11.51, the CFO and COO now owns 312,328 shares.

Before that, Schundler Russell sold 1,063 shares. Liquidia Corp shares valued at $12,235 were divested by the General Counsel at a price of $11.51 per share. As a result of the transaction, Schundler Russell now holds 487,328 shares, worth roughly $5.99 million.

Wells Fargo initiated its Liquidia Corp [LQDA] rating to an Overweight in a research note published on December 20, 2024; the price target was $20. A number of analysts have revised their coverage, including Scotiabank’s analysts, who began to cover the stock in mid October with a ‘”a Sector outperform”‘ rating. Raymond James also remained covering LQDA and has increased its forecast on August 19, 2024 with a “Strong buy” recommendation from previously “an Outperform” rating. Raymond James started covering the stock on August 16, 2024. It rated LQDA as “an Outperform”.

Price Performance Review of LQDA

On Friday, Liquidia Corp [NASDAQ:LQDA] saw its stock jump 1.57% to $12.29. Over the last five days, the stock has gained 4.15%. Liquidia Corp shares have risen nearly 4.51% since the year began. Nevertheless, the stocks have risen 8.28% over the past one year. While a 52-week high of $16.99 was reached on 01/03/25, a 52-week low of $8.26 was recorded on 01/02/25. SMA at 50 days reached $10.98, while 200 days put it at $11.85.

Levels Of Support And Resistance For LQDA Stock

The 24-hour chart illustrates a support level at 12.00, which if violated will result in even more drops to 11.72. On the upside, there is a resistance level at 12.54. A further resistance level may holdings at 12.80. The Relative Strength Index (RSI) on the 14-day chart is 66.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.65, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 10.28%. Stochastics %K at 91.16% indicates the stock is a selling.

How much short interest is there in Liquidia Corp?

A steep rise in short interest was recorded in Liquidia Corp stocks on 2024-10-31, dropping by -1.5 million shares to a total of 10.33 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 11.84 million shares. There was a decline of -14.56%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on June 25, 2024 when Oppenheimer began covering the stock and recommended ‘”a Perform”‘ rating .

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