Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. LanzaTech Global Inc shares valued at $162,729 were sold by Burton Freya on Mar 05 ’24. At $3.24 per share, Burton Freya sold 50,225 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
Also, Burton Freya sold 37,268 shares, netting a total of over 117,394 in proceeds. Following the sale of shares at $3.15 each, the insider now holds 0 shares.
As published in their initiating research note from TD Cowen on May 07, 2024, LanzaTech Global Inc [LNZA] has been a Hold and the price target has been revised to $3. Analysts at Seaport Research Partners started covering the stock with ‘”a Buy”‘ outlook in a report released in mid March. As of December 28, 2023, Janney has initiated its “Buy” rating for LNZA. Earlier on May 12, 2023, ROTH MKM initiated its rating. Their recommendation was “a Buy” for LNZA stock.
Analyzing LNZA Stock Performance
During the last five days, there has been a drop of approximately -20.16%. Over the course of the year, LanzaTech Global Inc shares have dropped approximately -44.30%. Shares of the company reached a 52-week high of $2.1450 on 01/06/25 and a 52-week low of $0.7200 on 02/06/25. A 50-day SMA is recorded $1.2400, while a 200-day SMA reached $1.7327. Nevertheless, trading volume fell to 1.83 million shares from 2.0 million shares the previous day.
Support And Resistance Levels for LanzaTech Global Inc (LNZA)
According to the 24-hour chart, there is a support level at 0.7121, which, if violated, would cause prices to drop to 0.6611. In the upper region, resistance lies at 0.8220. The next price resistance is at 0.8809. RSI (Relative Strength Index) is 31.69 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.2862, which suggests the price will decrease in the coming days. Percent R is at 95.21%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
