Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Leidos Holdings Inc shares valued at $1,006,969 were sold by Fubini David G on Mar 13 ’24. At $127.89 per share, Fubini David G sold 7,874 shares. The insider’s holdings dropped to 14,696 shares worth approximately $1.92 million following the completion of this transaction.
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Also, May Gary Stephen sold 2,745 shares, netting a total of over 341,721 in proceeds. Following the sale of shares at $124.49 each, the insider now holds 11,352 shares.
Before that, MOHAPATRA SURYA N had sold 2,401 shares from its account. In a trade valued at $254,102, the Director traded Leidos Holdings Inc shares for $105.83 each. Upon closing the transaction, the insider’s holdings decreased to 2,401 shares, worth approximately $2.49 million.
As published in a research note from Barclays on January 05, 2024, Leidos Holdings Inc [LDOS] has been rated up from an Equal weight to an Overweight. Analysts at Argus upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid November. As of May 25, 2023, Wells Fargo has increased its “an Equal weight” rating to a “an Overweight” for LDOS. Earlier on March 27, 2023, Jefferies downgraded its rating. Their new recommendation was “a Hold” for LDOS stock which previously was a “a Buy”.
Analyzing LDOS Stock Performance
During the last five days, there has been a surge of approximately 2.08%. Over the course of the year, Leidos Holdings Inc shares have jumped approximately 20.60%. Shares of the company reached a 52-week high of $130.73 on 03/27/24 and a 52-week low of $106.38 on 01/03/24. A 50-day SMA is recorded $121.01, while a 200-day SMA reached $103.44. Nevertheless, trading volume fell to 0.67 million shares from 0.59 million shares the previous day.
Support And Resistance Levels for Leidos Holdings Inc (LDOS)
According to the 24-hour chart, there is a support level at 129.86, which, if violated, would cause prices to drop to 129.17. In the upper region, resistance lies at 130.98. The next price resistance is at 131.41. RSI (Relative Strength Index) is 69.93 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.12, which suggests the price will increase in the coming days. Percent R is at 3.68%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Leidos Holdings Inc subject to short interest?
Stocks of Leidos Holdings Inc saw a sharp steep in short interest on Feb 29, 2024 dropping by -0.16 million shares to 1.05 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 1.21 million shares. A decline of -15.24% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.03 of the overall float, the days-to-cover ratio (short ratio) decline to 1.03.
