Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Logility Supply Chain Solutions Inc shares valued at $1,792 were purchased by MILLER JAMES B JR on Jun 27 ’24. At $8.96 per share, MILLER JAMES B JR acquired 200 shares. The insider’s holdings grew to 416,351 shares worth approximately $4.44 million following the completion of this transaction.
Also, MILLER JAMES B JR purchased 3,718 shares, netting a total of over 34,014 in proceeds. Following the buying of shares at $9.15 each, the insider now holds 719 shares.
Before that, MILLER JAMES B JR had added 271,518 shares to its account. In a trade valued at $2,443,499, the Director bought Logility Supply Chain Solutions Inc shares for $9.00 each. Upon closing the transaction, the insider’s holdings increased to 271,518 shares, worth approximately $4.44 million.
As published in a research note from Maxim Group on August 23, 2024, Logility Supply Chain Solutions Inc [LGTY] has been retained to a Buy and the price target has been revised to $17. Analysts at B. Riley Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early June. As of November 19, 2021, Maxim Group has reiterated its “Buy” rating for LGTY. Earlier on November 19, 2021, B. Riley Securities downgraded its rating. Their new recommendation was “a Neutral” for LGTY stock which previously was a “a Buy”.
Analyzing LGTY Stock Performance
During the last five days, there has been a drop of approximately -3.70%. Over the course of the year, Logility Supply Chain Solutions Inc shares have dropped approximately -3.70%. Shares of the company reached a 52-week high of $11.41 on 01/03/25 and a 52-week low of $10.47 on 01/08/25. A 50-day SMA is recorded $11.04, while a 200-day SMA reached $10.53. Nevertheless, trading volume fell to 0.12 million shares from 0.19 million shares the previous day.
Support And Resistance Levels for Logility Supply Chain Solutions Inc (LGTY)
According to the 24-hour chart, there is a support level at 10.50, which, if violated, would cause prices to drop to 10.34. In the upper region, resistance lies at 10.80. The next price resistance is at 10.94. RSI (Relative Strength Index) is 43.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.20, which suggests the price will decrease in the coming days. Percent R is at 80.20%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
