In a filing, Lincoln Electric Holdings, Inc. revealed its EXECUTIVE CHAIRMAN MAPES CHRISTOPHER L unloaded Company’s shares for reported $20.64 million on Mar 14 ’24. In the deal valued at $247.20 per share,83,490 shares were sold. As a result of this transaction, MAPES CHRISTOPHER L now holds 107,267 shares worth roughly $25.69 million.
Then, MAPES CHRISTOPHER L sold 76,365 shares, generating $19,090,068 in total proceeds. Upon selling the shares at $249.98, the EXECUTIVE CHAIRMAN now owns 107,267 shares.
Before that, MAPES CHRISTOPHER L sold 17,439 shares. Lincoln Electric Holdings, Inc. shares valued at $4,413,974 were divested by the EXECUTIVE CHAIRMAN at a price of $253.11 per share. As a result of the transaction, MAPES CHRISTOPHER L now holds 107,267 shares, worth roughly $25.69 million.
Morgan Stanley initiated its Lincoln Electric Holdings, Inc. [LECO] rating to an Underweight in a research note published on January 08, 2024; the price target was $178. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who increased its forecast for the stock in late October from “a Neutral” to “a Buy”. UBS began covering LECO with “Sell” recommendation on September 27, 2023. Oppenheimer revised its rating on July 21, 2023. It rated LECO as “a Perform” which previously was an “an Outperform”.
Price Performance Review of LECO
On Tuesday, Lincoln Electric Holdings, Inc. [NASDAQ:LECO] saw its stock jump 0.26% to $239.51. Over the last five days, the stock has lost -2.14%. Lincoln Electric Holdings, Inc. shares have risen nearly 10.14% since the year began. Nevertheless, the stocks have risen 50.64% over the past one year. While a 52-week high of $261.13 was reached on 03/21/24, a 52-week low of $155.21 was recorded on 01/11/24. SMA at 50 days reached $246.94, while 200 days put it at $208.67. A total of 0.27 million shares were traded, compared to the trading of 0.2 million shares in the previous session.
Levels Of Support And Resistance For LECO Stock
The 24-hour chart illustrates a support level at 237.42, which if violated will result in even more drops to 235.32. On the upside, there is a resistance level at 241.89. A further resistance level may holdings at 244.26. The Relative Strength Index (RSI) on the 14-day chart is 36.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.65, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.70%. Stochastics %K at 9.90% indicates the stock is a buying.
