Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Lovesac Company shares valued at $98,720 were purchased by McLallen Walter Field on Dec 20 ’24. At $24.68 per share, McLallen Walter Field acquired 4,000 shares. The insider’s holdings grew to 23,540 shares worth approximately $0.62 million following the completion of this transaction.
Also, McLallen Walter Field purchased 1,000 shares, netting a total of over 23,800 in proceeds. Following the buying of shares at $23.80 each, the insider now holds 24,540 shares.
Before that, Krause Albert Jack had sold 10,000 shares from its account. In a trade valued at $262,200, the Director traded Lovesac Company shares for $26.22 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $4.66 million.
As published in a research note from Maxim Group on June 17, 2024, Lovesac Company [LOVE] has been retained to a Buy and the price target has been revised to $38. Analysts at Maxim Group started covering the stock with ‘”a Buy”‘ outlook in a report released in mid April. As of March 29, 2023, ROTH MKM has reiterated its “Buy” rating for LOVE. Earlier on September 11, 2020, Oppenheimer resumed its rating. Their recommendation was “an Outperform” for LOVE stock.
Analyzing LOVE Stock Performance
During the last five days, there has been a surge of approximately 2.67%. Over the course of the year, Lovesac Company shares have jumped approximately 10.69%. Shares of the company reached a 52-week high of $28.21 on 01/15/25 and a 52-week low of $23.43 on 01/03/25. A 50-day SMA is recorded $30.17, while a 200-day SMA reached $26.33. Nevertheless, trading volume fell to 0.5 million shares from 0.44 million shares the previous day.
Support And Resistance Levels for Lovesac Company (LOVE)
According to the 24-hour chart, there is a support level at 25.50, which, if violated, would cause prices to drop to 24.80. In the upper region, resistance lies at 27.55. The next price resistance is at 28.90. RSI (Relative Strength Index) is 44.79 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.27, which suggests the price will increase in the coming days. Percent R is at 40.00%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
