Lamar Advertising Co’s filing revealed that its Director Fletcher Nancy acquired Company’s shares for reported $28947.0 on Feb 24 ’25. In the deal valued at $123.18 per share,235 shares were bought. As a result of this transaction, Fletcher Nancy now holds 5,725 shares worth roughly $0.66 million.
Then, KOERNER JOHN E III sold 17,000 shares, generating $2,040,866 in total proceeds. Upon selling the shares at $120.05, the Director now owns 32,178 shares.
Wells Fargo initiated its Lamar Advertising Co [LAMR] rating to an Equal weight in a research note published on September 19, 2024; the price target was $132. A number of analysts have revised their coverage, including TD Cowen’s analysts, who began to cover the stock in mid July with a ‘”a Buy”‘ rating. Citigroup also remained covering LAMR and has decreased its forecast on July 11, 2024 with a “Neutral” recommendation from previously “Buy” rating. Citigroup revised its rating on July 07, 2022. It rated LAMR as “a Buy” which previously was an “a Neutral”.
Price Performance Review of LAMR
On Tuesday, Lamar Advertising Co [NASDAQ:LAMR] saw its stock fall -0.13% to $116.05. Over the last five days, the stock has gained 1.33%. Lamar Advertising Co shares have fallen nearly -4.67% since the year began. Nevertheless, the stocks have fallen -2.03% over the past one year. While a 52-week high of $139.60 was reached on 02/19/25, a 52-week low of $99.84 was recorded on 04/09/25. SMA at 50 days reached $114.31, while 200 days put it at $123.64.
Levels Of Support And Resistance For LAMR Stock
The 24-hour chart illustrates a support level at 115.08, which if violated will result in even more drops to 114.11. On the upside, there is a resistance level at 116.68. A further resistance level may holdings at 117.31. The Relative Strength Index (RSI) on the 14-day chart is 57.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.66, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.85%. Stochastics %K at 92.47% indicates the stock is a selling.
