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Las Vegas Sands Corp [LVS] Chairman & CEO makes an insider purchase of 60,187 shares worth 3.19 million.

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. Las Vegas Sands Corp shares valued at $3,191,115 were sold by Goldstein Robert G on Nov 29 ’24. At $53.02 per share, Goldstein Robert G sold 60,187 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.

Also, Hudson D. Zachary sold 25,785 shares, netting a total of over 1,325,349 in proceeds. Following the sale of shares at $51.40 each, the insider now holds 0 shares.

Before that, Hudson D. Zachary had added 25,785 shares to its account. In a trade valued at $1,325,258, the Officer bought Las Vegas Sands Corp shares for $51.40 each.

As published in a research note from Morgan Stanley on January 14, 2025, Las Vegas Sands Corp [LVS] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $51 from $54. Analysts at Jefferies upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early January. As of August 23, 2024, UBS has decreased its “Buy” rating to a “Neutral” for LVS. Earlier on August 15, 2024, Argus downgraded its rating. Their new recommendation was “a Hold” for LVS stock which previously was a “a Buy”.

Analyzing LVS Stock Performance

During the last five days, there has been a surge of approximately 11.02%. Over the course of the year, Las Vegas Sands Corp shares have dropped approximately -6.07%. Shares of the company reached a 52-week high of $51.98 on 01/06/25 and a 52-week low of $43.01 on 01/28/25. A 50-day SMA is recorded $49.86, while a 200-day SMA reached $46.17. Nevertheless, trading volume fell to 13.49 million shares from 9.65 million shares the previous day.

Support And Resistance Levels for Las Vegas Sands Corp (LVS)

According to the 24-hour chart, there is a support level at 46.94, which, if violated, would cause prices to drop to 45.63. In the upper region, resistance lies at 49.14. The next price resistance is at 50.03. RSI (Relative Strength Index) is 54.86 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.23, which suggests the price will decrease in the coming days. Percent R is at 9.98%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

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