Lamb Weston Holdings Inc’s recent filing unveils that its Director JURGENSEN WILLIAM G acquired Company’s shares for reported $0.25 million on Oct 16 ’23. In the deal valued at $84.35 per share,3,000 shares were bought. As a result of this transaction, JURGENSEN WILLIAM G now holds 162,835 shares worth roughly $12.99 million.
Then, Spytek Eryk J sold 6,319 shares, generating $652,310 in total proceeds. Upon selling the shares at $103.23, the GEN COUNSEL & CHIEF COMPL OFF now owns 1,052 shares.
Before that, Miller Sharon L. sold 4,350 shares. Lamb Weston Holdings Inc shares valued at $500,250 were divested by the SENIOR VICE PRESIDENT at a price of $115.00 per share. As a result of the transaction, Miller Sharon L. now holds 49,859 shares, worth roughly $3.98 million.
Exane BNP Paribas initiated its Lamb Weston Holdings Inc [LW] rating to an Outperform in a research note published on March 11, 2024; the price target was $128. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in early February with a ‘”a Buy”‘ rating. Wells Fargo began covering LW with “an Overweight” recommendation on December 12, 2023. TD Cowen started covering the stock on September 13, 2023. It rated LW as “an Outperform”.
Price Performance Review of LW
On Friday, Lamb Weston Holdings Inc [NYSE:LW] saw its stock fall -2.15% to $79.78. Over the last five days, the stock has lost -25.11%. Lamb Weston Holdings Inc shares have fallen nearly -26.19% since the year began. Nevertheless, the stocks have fallen -22.98% over the past one year. While a 52-week high of $117.38 was reached on 01/04/24, a 52-week low of $80.02 was recorded on 04/05/24. SMA at 50 days reached $101.96, while 200 days put it at $100.94. A total of 9.79 million shares were traded, compared to the trading of 23.23 million shares in the previous session.
Levels Of Support And Resistance For LW Stock
The 24-hour chart illustrates a support level at 78.16, which if violated will result in even more drops to 76.54. On the upside, there is a resistance level at 82.00. A further resistance level may holdings at 84.23. The Relative Strength Index (RSI) on the 14-day chart is 17.15, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -13.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.45%. Stochastics %K at 6.27% indicates the stock is a buying.
How much short interest is there in Lamb Weston Holdings Inc?
A steep rise in short interest was recorded in Lamb Weston Holdings Inc stocks on Mar 15, 2024, growing by 0.25 million shares to a total of 4.15 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 3.9 million shares. There was a rise of 6.02%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.27% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.03.
