In a filing, Loar Holdings Inc revealed its Director Bobbili Raja unloaded Company’s shares for reported $55.85 million on May 16 ’25. In the deal valued at $80.91 per share,690,258 shares were sold. As a result of this transaction, Bobbili Raja now holds 31,438,420 shares worth roughly $2.83 billion.
Then, Carpenito Anthony sold 690,258 shares, generating $55,847,187 in total proceeds. Upon selling the shares at $80.91, the Director now owns 31,438,420 shares.
Before that, ABRAMS CAPITAL MANAGEMENT, L.P sold 703,691 shares. Loar Holdings Inc shares valued at $56,934,020 were divested by the 10% Owner at a price of $80.91 per share. As a result of the transaction, ABRAMS CAPITAL MANAGEMENT, L.P now holds 32,050,240 shares, worth roughly $2.88 billion.
A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in early April from “an Equal-weight” to “an Overweight”. Jefferies began covering LOAR with “Buy” recommendation on June 03, 2024. RBC Capital Mkts started covering the stock on May 20, 2024. It rated LOAR as “an Outperform”.
Price Performance Review of LOAR
On Friday, Loar Holdings Inc [NYSE:LOAR] saw its stock jump 0.63% to $89.92. Over the last five days, the stock has gained 3.30%. Loar Holdings Inc shares have risen nearly 21.66% since the year began. Nevertheless, the stocks have risen 55.89% over the past one year. While a 52-week high of $99.67 was reached on 05/12/25, a 52-week low of $51.50 was recorded on 03/13/25. SMA at 50 days reached $86.19, while 200 days put it at $79.02.
Levels Of Support And Resistance For LOAR Stock
The 24-hour chart illustrates a support level at 88.85, which if violated will result in even more drops to 87.77. On the upside, there is a resistance level at 90.90. A further resistance level may holdings at 91.88. The Relative Strength Index (RSI) on the 14-day chart is 55.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.28, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.59%. Stochastics %K at 89.65% indicates the stock is a selling.
The most recent change occurred on May 20, 2024 when Morgan Stanley began covering the stock and recommended ‘”an Equal-weight”‘ rating along with a $55 price target.
