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Citigroup gives a Neutral recommendation for Stride Inc (LRN)

Stride Inc’s filing revealed that its Retired from Board of Director BARRETT FAMILY TRUST acquired Company’s shares for reported $0.49 million on Feb 13 ’25. In the deal valued at $139.53 per share,3,500 shares were bought.

Then, BARRETT FAMILY TRUST bought 3,500 shares, generating $490,037 in total proceeds.

Before that, Rhyu James Jeaho sold 23,187 shares. Stride Inc shares valued at $2,255,863 were divested by the CHIEF EXECUTIVE OFFICER at a price of $97.29 per share. As a result of the transaction, Rhyu James Jeaho now holds 663,091 shares, worth roughly $92.46 million.

Citigroup downgraded its Stride Inc [LRN] rating to a Neutral from a a Buy in a research note published on August 20, 2024; the price target was increased to $90 from $77. A number of analysts have revised their coverage, including Canaccord Genuity’s analysts, who began to cover the stock in early August with a ‘”a Buy”‘ rating. Morgan Stanley also remained covering LRN and has decreased its forecast on March 10, 2023 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Morgan Stanley revised its rating on August 25, 2022. It rated LRN as “an Overweight” which previously was an “an Equal-weight”.

Price Performance Review of LRN

On Monday, Stride Inc [NYSE:LRN] saw its stock jump 1.93% to $139.44. Over the last five days, the stock has gained 4.01%. Stride Inc shares have risen nearly 34.17% since the year began. Nevertheless, the stocks have risen 138.40% over the past one year. While a 52-week high of $145.00 was reached on 02/07/25, a 52-week low of $56.17 was recorded on 01/02/25. SMA at 50 days reached $122.63, while 200 days put it at $91.67.

Levels Of Support And Resistance For LRN Stock

The 24-hour chart illustrates a support level at 136.65, which if violated will result in even more drops to 133.86. On the upside, there is a resistance level at 141.60. A further resistance level may holdings at 143.76. The Relative Strength Index (RSI) on the 14-day chart is 64.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.93, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 31.49%. Stochastics %K at 44.63% indicates the stock is a holding.

The most recent change occurred on September 14, 2021 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $65 price target.

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