Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Lyft Inc shares valued at $421,487 were sold by Llewellyn Lindsay Catherine on Dec 02 ’24. At $17.17 per share, Llewellyn Lindsay Catherine sold 24,550 shares. The insider’s holdings dropped to 707,267 shares worth approximately $9.47 million following the completion of this transaction.
Also, Green Logan sold 10,919 shares, netting a total of over 188,313 in proceeds. Following the sale of shares at $17.25 each, the insider now holds 314,492 shares.
Before that, Llewellyn Lindsay Catherine had added 24,550 shares to its account. In a trade valued at $421,486, the Officer bought Lyft Inc shares for $17.17 each.
As published in a research note from The Benchmark Company on January 06, 2025, Lyft Inc [LYFT] has been rated up from a Hold to a Buy and the price target has been revised to $20. Analysts at The Benchmark Company started covering the stock with ‘”a Hold”‘ outlook in a report released in late October. Earlier on September 05, 2024, Cantor Fitzgerald initiated its rating. Their recommendation was “a Neutral” for LYFT stock.
Analyzing LYFT Stock Performance
During the last five days, there has been a drop of approximately -6.95%. Over the course of the year, Lyft Inc shares have jumped approximately 3.80%. Shares of the company reached a 52-week high of $15.35 on 02/11/25 and a 52-week low of $12.06 on 02/12/25. A 50-day SMA is recorded $13.94, while a 200-day SMA reached $13.87. Nevertheless, trading volume fell to 23.86 million shares from 29.38 million shares the previous day.
Support And Resistance Levels for Lyft Inc (LYFT)
According to the 24-hour chart, there is a support level at 13.10, which, if violated, would cause prices to drop to 12.80. In the upper region, resistance lies at 13.81. The next price resistance is at 14.22. RSI (Relative Strength Index) is 45.86 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 59.57%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
