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. Liquidia Corp shares valued at $31,785 were sold by Saggar Rajeev on Jan 21 ’25. At $13.00 per share, Saggar Rajeev sold 2,445 shares. The insider’s holdings dropped to 267,943 shares worth approximately $3.86 million following the completion of this transaction.
Also, Schundler Russell sold 16,393 shares, netting a total of over 193,110 in proceeds. Following the sale of shares at $11.78 each, the insider now holds 573,478 shares.
Before that, Saggar Rajeev had sold 6,249 shares from its account. In a trade valued at $73,613, the Chief Medical Officer traded Liquidia Corp shares for $11.78 each. Upon closing the transaction, the insider’s holdings decreased to 6,249 shares, worth approximately $3.89 million.
As published in their initiating research note from Wells Fargo on December 20, 2024, Liquidia Corp [LQDA] has been an Overweight and the price target has been revised to $20. Analysts at Scotiabank started covering the stock with ‘”a Sector outperform”‘ outlook in a report released in mid October. As of August 19, 2024, Raymond James has increased its “an Outperform” rating to a “Strong buy” for LQDA. Earlier on August 16, 2024, Raymond James initiated its rating. Their recommendation was “an Outperform” for LQDA stock.
Analyzing LQDA Stock Performance
During the last five days, there has been a surge of approximately 18.62%. Over the course of the year, Liquidia Corp shares have jumped approximately 22.45%. Shares of the company reached a 52-week high of $14.44 on 01/23/25 and a 52-week low of $11.34 on 01/14/25. A 50-day SMA is recorded $11.41, while a 200-day SMA reached $11.67. Nevertheless, trading volume fell to 1.26 million shares from 1.79 million shares the previous day.
Support And Resistance Levels for Liquidia Corp (LQDA)
According to the 24-hour chart, there is a support level at 13.92, which, if violated, would cause prices to drop to 13.43. In the upper region, resistance lies at 14.66. The next price resistance is at 14.92. RSI (Relative Strength Index) is 75.26 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.40, which suggests the price will increase in the coming days. Percent R is at 1.29%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
