Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Lineage Inc shares valued at $101,400 were purchased by Falotico Nancy Joy on Jul 26 ’24. At $78.00 per share, Falotico Nancy Joy acquired 1,300 shares. The insider’s holdings grew to 2,452 shares worth approximately $0.14 million following the completion of this transaction.
Also, Wentworth Lynn A purchased 3,100 shares, netting a total of over 241,800 in proceeds. Following the buying of shares at $78.00 each, the insider now holds 4,910 shares.
Before that, Crisci Robert had added 10,000 shares to its account. In a trade valued at $780,000, the Chief Financial Officer bought Lineage Inc shares for $78.00 each. Upon closing the transaction, the insider’s holdings increased to 10,000 shares, worth approximately $0.56 million.
As published in a research note from JP Morgan on December 20, 2024, Lineage Inc [LINE] has been rated down from an Overweight to a Neutral and the price target has been revised to $75 from $78. Analysts at CapitalOne started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid September. As of September 16, 2024, CapitalOne has initiated its “an Overweight” rating for LINE. Earlier on August 19, 2024, Wells Fargo initiated its rating. Their recommendation was “an Equal weight” for LINE stock.
Analyzing LINE Stock Performance
During the last five days, there has been a drop of approximately -3.59%. Over the course of the year, Lineage Inc shares have dropped approximately -3.59%. Nevertheless, trading volume fell to 0.86 million shares from 0.65 million shares the previous day.
Support And Resistance Levels for Lineage Inc (LINE)
According to the 24-hour chart, there is a support level at 56.03, which, if violated, would cause prices to drop to 55.60. In the upper region, resistance lies at 57.07. The next price resistance is at 57.68. RSI (Relative Strength Index) is 26.79 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.91, which suggests the price will decrease in the coming days. Percent R is at 94.67%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
