Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Lincoln National Corp. shares valued at $259,000 were purchased by Ryan Owen on Feb 09 ’24. At $25.90 per share, Ryan Owen acquired 10,000 shares. The insider’s holdings grew to 10,000 shares worth approximately $0.27 million following the completion of this transaction.
Also, KELLY GARY C purchased 7,838 shares, netting a total of over 200,025 in proceeds. Following the buying of shares at $25.52 each, the insider now holds 15,007 shares.
As published in a research note from Jefferies on February 12, 2024, Lincoln National Corp. [LNC] has been rated up from an Underperform to a Hold and the price target has been revised to $2622. Analysts at JP Morgan downgraded the stock from ‘”a Neutral”‘ to ‘”an Underweight”‘ outlook in a report released in early January. Earlier on January 09, 2023, Barclays downgraded its rating. Their new recommendation was “an Underweight” for LNC stock which previously was a “an Equal weight”.
Analyzing LNC Stock Performance
During the last five days, there has been a drop of approximately -8.39%. Over the course of the year, Lincoln National Corp. shares have dropped approximately -0.44%. Shares of the company reached a 52-week high of $32.43 on 03/28/24 and a 52-week low of $25.09 on 02/09/24. A 50-day SMA is recorded $28.16, while a 200-day SMA reached $26.16. Nevertheless, trading volume fell to 1.56 million shares from 1.56 million shares the previous day.
Support And Resistance Levels for Lincoln National Corp. (LNC)
According to the 24-hour chart, there is a support level at 26.59, which, if violated, would cause prices to drop to 26.33. In the upper region, resistance lies at 27.33. The next price resistance is at 27.81. RSI (Relative Strength Index) is 35.08 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.45, which suggests the price will decrease in the coming days. Percent R is at 99.29%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
