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. LifeMD Inc shares valued at $377,620 were sold by Schreiber Justin on Feb 14 ’25. At $7.55 per share, Schreiber Justin sold 50,000 shares. The insider’s holdings dropped to 2,653,715 shares worth approximately $13.32 million following the completion of this transaction.
Also, Schreiber Justin sold 25,000 shares, netting a total of over 129,668 in proceeds. Following the sale of shares at $5.19 each, the insider now holds 2,703,715 shares.
Before that, Schreiber Justin had sold 25,000 shares from its account. In a trade valued at $162,925, the Chief Executive Officer traded LifeMD Inc shares for $6.52 each. Upon closing the transaction, the insider’s holdings decreased to 25,000 shares, worth approximately $13.7 million.
As published in their initiating research note from Lake Street on December 10, 2024, LifeMD Inc [LFMD] has been a Buy and the price target has been revised to $12. Analysts at Mizuho started covering the stock with ‘”a Neutral”‘ outlook in a report released in early December. Earlier on June 05, 2024, KeyBanc Capital Markets initiated its rating. Their recommendation was “an Overweight” for LFMD stock.
Analyzing LFMD Stock Performance
During the last five days, there has been a drop of approximately -33.24%. Over the course of the year, LifeMD Inc shares have jumped approximately 1.41%. Shares of the company reached a 52-week high of $8.54 on 02/18/25 and a 52-week low of $4.51 on 01/13/25. A 50-day SMA is recorded $5.67, while a 200-day SMA reached $5.96.
Support And Resistance Levels for LifeMD Inc (LFMD)
According to the 24-hour chart, there is a support level at 4.83, which, if violated, would cause prices to drop to 4.65. In the upper region, resistance lies at 5.27. The next price resistance is at 5.53. RSI (Relative Strength Index) is 39.76 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.51, which suggests the price will decrease in the coming days. Percent R is at 95.65%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
