The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Lakeland Industries, Inc shares valued at $25,096 were purchased by Jenkins James M. on Dec 30 ’24. At $25.35 per share, Jenkins James M. acquired 990 shares. The insider’s holdings grew to 990 shares worth approximately $24898.5 following the completion of this transaction.
Also, Hamblin Nikki purchased 2,220 shares, netting a total of over 51,238 in proceeds. Following the buying of shares at $23.08 each, the insider now holds 15,862 shares.
Before that, Jenkins James M. had added 2,085 shares to its account. In a trade valued at $49,998, the President, CEO & Exec. Chair bought Lakeland Industries, Inc shares for $23.98 each. Upon closing the transaction, the insider’s holdings increased to 2,085 shares, worth approximately $1.9 million.
As published in their initiating research note from Maxim Group on April 24, 2024, Lakeland Industries, Inc [LAKE] has been a Buy and the price target has been revised to $22. Analysts at The Benchmark Company started covering the stock with ‘”a Buy”‘ outlook in a report released in early June. Earlier on August 23, 2017, ROTH Capital initiated its rating. Their recommendation was “a Buy” for LAKE stock.
Analyzing LAKE Stock Performance
During the last five days, there has been a drop of approximately -1.57%. Over the course of the year, Lakeland Industries, Inc shares have dropped approximately -1.57%. Shares of the company reached a 52-week high of $26.36 on 01/03/25 and a 52-week low of $24.21 on 01/08/25. A 50-day SMA is recorded $22.21, while a 200-day SMA reached $20.89. Nevertheless, trading volume fell to 60359.0 shares from 80200.0 shares the previous day.
Support And Resistance Levels for Lakeland Industries, Inc (LAKE)
According to the 24-hour chart, there is a support level at 24.48, which, if violated, would cause prices to drop to 23.81. In the upper region, resistance lies at 25.55. The next price resistance is at 25.95. RSI (Relative Strength Index) is 62.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.84, which suggests the price will decrease in the coming days. Percent R is at 32.27%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
