LifeMD Inc’s filing revealed that its Chief Executive Officer Schreiber Justin unloaded Company’s shares for reported $0.13 million on Jan 02 ’25. In the deal valued at $5.19 per share,25,000 shares were sold. As a result of this transaction, Schreiber Justin now holds 2,703,715 shares worth roughly $17.09 million.
Then, Schreiber Justin sold 25,000 shares, generating $162,925 in total proceeds. Upon selling the shares at $6.52, the Chief Executive Officer now owns 2,728,715 shares.
Before that, Justin Schreiber bought 100,000 shares. LifeMD Inc shares valued at $660,000 were divested by the CEO at a price of $6.60 per share.
Lake Street initiated its LifeMD Inc [LFMD] rating to a Buy in a research note published on December 10, 2024; the price target was $12. A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in early December with a ‘”a Neutral”‘ rating. KeyBanc Capital Markets started covering the stock on June 05, 2024. It rated LFMD as “an Overweight”.
Price Performance Review of LFMD
On Tuesday, LifeMD Inc [NASDAQ:LFMD] saw its stock jump 10.68% to $6.32. Over the last five days, the stock has gained 14.91%. LifeMD Inc shares have risen nearly 27.68% since the year began. Nevertheless, the stocks have risen 8.97% over the past one year. While a 52-week high of $12.88 was reached on 02/04/25, a 52-week low of $3.99 was recorded on 01/13/25. SMA at 50 days reached $5.49, while 200 days put it at $6.34.
Levels Of Support And Resistance For LFMD Stock
The 24-hour chart illustrates a support level at 5.91, which if violated will result in even more drops to 5.49. On the upside, there is a resistance level at 6.54. A further resistance level may holdings at 6.75. The Relative Strength Index (RSI) on the 14-day chart is 68.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.52, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 1.27%. Stochastics %K at 81.98% indicates the stock is a selling.
How much short interest is there in LifeMD Inc?
A steep rise in short interest was recorded in LifeMD Inc stocks on 2025-01-15, dropping by -1.28 million shares to a total of 4.56 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 5.84 million shares. There was a decline of -28.11%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on November 30, 2023 when Craig Hallum began covering the stock and recommended ‘”a Buy”‘ rating along with a $10 price target.
