While this happened, Wedbush initiated its Lithium Americas Corp (NewCo) [LAC] rating to a Neutral in a research note published on December 19, 2024; the price target was $5. A number of analysts have revised their coverage, including National Bank Financial’s analysts, who increased its forecast for the stock in mid October from “a Sector perform” to “an Outperform”. Piper Sandler began covering LAC with “Neutral” recommendation on July 29, 2024. Scotiabank revised its rating on March 18, 2024. It rated LAC as “a Sector perform” which previously was an “a Sector outperform”.
Price Performance Review of LAC
On Friday, Lithium Americas Corp (NewCo) [NYSE:LAC] saw its stock fall -0.66% to $3.00. Over the last five days, the stock has lost -4.76%. Lithium Americas Corp (NewCo) shares have risen nearly 1.01% since the year began. Nevertheless, the stocks have fallen -33.63% over the past one year. While a 52-week high of $7.71 was reached on 01/07/25, a 52-week low of $2.02 was recorded on 01/29/25. SMA at 50 days reached $3.36, while 200 days put it at $3.25.
Levels Of Support And Resistance For LAC Stock
The 24-hour chart illustrates a support level at 2.93, which if violated will result in even more drops to 2.85. On the upside, there is a resistance level at 3.10. A further resistance level may holdings at 3.19. The Relative Strength Index (RSI) on the 14-day chart is 40.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.38%. Stochastics %K at 15.10% indicates the stock is a buying.
How much short interest is there in Lithium Americas Corp (NewCo)?
A steep rise in short interest was recorded in Lithium Americas Corp (NewCo) stocks on 2025-01-15, growing by 1.8 million shares to a total of 30.15 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 28.34 million shares. There was a rise of 5.98%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 11, 2023 when JP Morgan began covering the stock and recommended ‘”a Neutral”‘ rating along with a $7 price target.
