Loar Holdings Inc’s recent filing unveils that its Director LEVY PAUL S unloaded Company’s shares for reported $20.42 million on Dec 12 ’24. In the deal valued at $81.17 per share,251,616 shares were sold. As a result of this transaction, LEVY PAUL S now holds 9,357,002 shares worth roughly $641.98 million.
Then, Manella Michael J. sold 28,153 shares, generating $2,285,320 in total proceeds. Upon selling the shares at $81.17, the insider now owns 580,388 shares.
Before that, D’Alessandro Glenn sold 28,518 shares. Loar Holdings Inc shares valued at $2,314,949 were divested by the insider at a price of $81.17 per share. As a result of the transaction, D’Alessandro Glenn now holds 1,060,510 shares, worth roughly $72.76 million.
Jefferies initiated its Loar Holdings Inc [LOAR] rating to a Buy in a research note published on June 03, 2024; the price target was $65. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who began to cover the stock in mid May with a ‘”an Outperform”‘ rating. Morgan Stanley began covering LOAR with “an Equal-weight” recommendation on May 20, 2024. Citigroup started covering the stock on May 20, 2024. It rated LOAR as “a Buy”.
Price Performance Review of LOAR
On Friday, Loar Holdings Inc [NYSE:LOAR] saw its stock fall -1.14% to $68.61. Over the last five days, the stock has lost -1.79%. Loar Holdings Inc shares have fallen nearly -7.17% since the year began. SMA at 50 days reached $76.55, while 200 days put it at $70.83.
Levels Of Support And Resistance For LOAR Stock
The 24-hour chart illustrates a support level at 67.46, which if violated will result in even more drops to 66.32. On the upside, there is a resistance level at 70.10. A further resistance level may holdings at 71.60. The Relative Strength Index (RSI) on the 14-day chart is 33.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.47%. Stochastics %K at 24.93% indicates the stock is a holding.
