Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Lamb Weston Holdings Inc shares valued at $253,050 were purchased by JURGENSEN WILLIAM G on Oct 16 ’23. At $84.35 per share, JURGENSEN WILLIAM G acquired 3,000 shares. The insider’s holdings grew to 162,835 shares worth approximately $13.0 million following the completion of this transaction.
Also, Spytek Eryk J sold 6,319 shares, netting a total of over 652,310 in proceeds. Following the sale of shares at $103.23 each, the insider now holds 1,052 shares.
Before that, Miller Sharon L. had sold 4,350 shares from its account. In a trade valued at $500,250, the SENIOR VICE PRESIDENT traded Lamb Weston Holdings Inc shares for $115.00 each. Upon closing the transaction, the insider’s holdings decreased to 4,350 shares, worth approximately $3.98 million.
As published in their initiating research note from Exane BNP Paribas on March 11, 2024, Lamb Weston Holdings Inc [LW] has been an Outperform and the price target has been revised to $128. Analysts at Citigroup started covering the stock with ‘”a Buy”‘ outlook in a report released in early February. As of December 12, 2023, Wells Fargo has initiated its “an Overweight” rating for LW. Earlier on September 13, 2023, TD Cowen initiated its rating. Their recommendation was “an Outperform” for LW stock.
Analyzing LW Stock Performance
During the last five days, there has been a drop of approximately -21.02%. Over the course of the year, Lamb Weston Holdings Inc shares have dropped approximately -26.12%. Shares of the company reached a 52-week high of $111.88 on 01/04/24 and a 52-week low of $77.41 on 04/08/24. A 50-day SMA is recorded $100.44, while a 200-day SMA reached $100.41. Nevertheless, trading volume fell to 4.42 million shares from 5.58 million shares the previous day.
Support And Resistance Levels for Lamb Weston Holdings Inc (LW)
According to the 24-hour chart, there is a support level at 78.46, which, if violated, would cause prices to drop to 77.05. In the upper region, resistance lies at 81.09. The next price resistance is at 82.32. RSI (Relative Strength Index) is 22.35 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -16.08, which suggests the price will decrease in the coming days. Percent R is at 91.86%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Lamb Weston Holdings Inc subject to short interest?
Stocks of Lamb Weston Holdings Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.25 million shares to 4.15 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 3.9 million shares. A jump of 6.02% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.03 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.03.
