Loar Holdings Inc’s recently made public 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 $661.07 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 $74.93 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 Monday, Loar Holdings Inc [NYSE:LOAR] saw its stock jump 7.09% to $70.65. Over the last five days, the stock has gained 5.42%. Loar Holdings Inc shares have fallen nearly -4.41% since the year began. SMA at 50 days reached $71.55, while 200 days put it at $72.59.
Levels Of Support And Resistance For LOAR Stock
The 24-hour chart illustrates a support level at 66.11, which if violated will result in even more drops to 61.58. On the upside, there is a resistance level at 73.14. A further resistance level may holdings at 75.63. The Relative Strength Index (RSI) on the 14-day chart is 55.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.88, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.95%. Stochastics %K at 75.21% indicates the stock is a holding.
How much short interest is there in Loar Holdings Inc?
A steep rise in short interest was recorded in Loar Holdings Inc stocks on 2025-03-14, growing by 0.63 million shares to a total of 2.33 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 1.7 million shares. There was a rise of 27.1%, which implies that there is a positive sentiment for the stock.
