The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Landsea Homes Corporation shares valued at $25,847,835 were sold by Tian Ming on Dec 09 ’24. At $10.25 per share, Tian Ming sold 2,521,740 shares. The insider’s holdings dropped to 6,543,411 shares worth approximately $42.99 million following the completion of this transaction.
Also, Tian Ming sold 378,260 shares, netting a total of over 3,877,165 in proceeds. Following the sale of shares at $10.25 each, the insider now holds 6,165,151 shares.
Before that, CHEN HUAIJUN had sold 3,565,217 shares from its account. In a trade valued at $36,543,474, the 10% Owner traded Landsea Homes Corporation shares for $10.25 each. Upon closing the transaction, the insider’s holdings decreased to 3,565,217 shares, worth approximately $3.51 million.
As published in their initiating research note from Oppenheimer on May 31, 2024, Landsea Homes Corporation [LSEA] has been an Outperform and the price target has been revised to $14. Analysts at Wedbush started covering the stock with ‘”a Neutral”‘ outlook in a report released in late June. As of September 15, 2022, BTIG Research has initiated its “Neutral” rating for LSEA. Earlier on February 05, 2021, Barclays initiated its rating. Their recommendation was “an Equal weight” for LSEA stock.
Analyzing LSEA Stock Performance
During the last five days, there has been a drop of approximately -21.79%. Over the course of the year, Landsea Homes Corporation shares have dropped approximately -22.61%. Shares of the company reached a 52-week high of $8.98 on 01/27/25 and a 52-week low of $6.54 on 02/27/25. A 50-day SMA is recorded $8.35, while a 200-day SMA reached $10.32. Nevertheless, trading volume fell to 0.82 million shares from 0.23 million shares the previous day.
Support And Resistance Levels for Landsea Homes Corporation (LSEA)
According to the 24-hour chart, there is a support level at 6.21, which, if violated, would cause prices to drop to 5.84. In the upper region, resistance lies at 7.27. The next price resistance is at 7.96. RSI (Relative Strength Index) is 30.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.34, which suggests the price will decrease in the coming days. Percent R is at 98.54%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
