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. Lovesac Company shares valued at $789,900 were sold by Krause Albert Jack on Jan 17 ’25. At $26.33 per share, Krause Albert Jack sold 30,000 shares. The insider’s holdings dropped to 147,849 shares worth approximately $2.63 million following the completion of this transaction.
Also, Jack Krause purchased 30,000 shares, netting a total of over 785,700 in proceeds.
Before that, McLallen Walter Field had added 4,000 shares to its account. In a trade valued at $98,720, the Director bought Lovesac Company shares for $24.68 each. Upon closing the transaction, the insider’s holdings increased to 4,000 shares, worth approximately $0.42 million.
As published in a research note from Maxim Group on June 17, 2024, Lovesac Company [LOVE] has been retained to a Buy and the price target has been revised to $38. Analysts at Maxim Group started covering the stock with ‘”a Buy”‘ outlook in a report released in mid April. As of March 29, 2023, ROTH MKM has reiterated its “Buy” rating for LOVE. Earlier on September 11, 2020, Oppenheimer resumed its rating. Their recommendation was “an Outperform” for LOVE stock.
Analyzing LOVE Stock Performance
During the last five days, there has been a drop of approximately -15.89%. Over the course of the year, Lovesac Company shares have dropped approximately -24.85%. Shares of the company reached a 52-week high of $28.21 on 01/15/25 and a 52-week low of $17.61 on 03/06/25. A 50-day SMA is recorded $23.82, while a 200-day SMA reached $26.40.
Support And Resistance Levels for Lovesac Company (LOVE)
According to the 24-hour chart, there is a support level at 17.25, which, if violated, would cause prices to drop to 16.72. In the upper region, resistance lies at 18.67. The next price resistance is at 19.56. RSI (Relative Strength Index) is 20.91 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.57, which suggests the price will decrease in the coming days. Percent R is at 97.34%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
