Insider Trading Observations at Lithium Americas Corp (LAC)
Lithium Americas Corp (NewCo) (NYSE:LAC) is on the move today, with the stock price up 5.39% from its previous close. As of now, it’s trading at $2.97, fluctuating between $2.9669 and $3.23 during the day. Over the past 52 weeks, the stock has seen highs of $7.71 and lows of $2.02, with a recent decrease of -19.33% in its value.
With a market valuation of $683.53 million, Lithium Americas Corp (NewCo) is gearing up to release its quarterly earnings report next month. Delving into the technical indicators for the stock, they are painting an interesting picture. In the short term, the outlook is at 50% Sell, while the medium-term signals a Hold. The current average analyst rating stands at Buy, with analysts assigning a price target range of $2.5-$8.5.
On the longer-term perspective, the stock is looking at a -10.41% distance from the SMA20 and -14.04% from the SMA50. The RSI on a 14-day timeframe is at 39.40, with weekly volatility at 5.51%. Analysts are keeping an eye on a consensus price target of $4.5, marking LAC as a Buy option for investors aiming to expand their holdings.
In terms of daily trading volume, Lithium Americas Corp (NewCo) shows an average of 9.08 million over 3 months and 4.72 million over the past 10 days. The company has 218.29M outstanding shares, with insiders holding 14.45% and institutions owning 17.92%. As of 2024-11-29, the short interest is at 26.34 million, with a short ratio of 2.59 and a year-to-date price decrease of -51.09%. This drop in short interest is bolstering the case for a potential rally in the stock price.
