Lincoln National Corp.’s recent filing unveils that its Director Ryan Owen acquired Company’s shares for reported $0.26 million on Feb 09 ’24. In the deal valued at $25.90 per share,10,000 shares were bought. As a result of this transaction, Ryan Owen now holds 10,000 shares worth roughly $ 0.28 million.
Then, KELLY GARY C bought 7,838 shares, generating $200,025 in total proceeds. Upon buying the shares at $25.52, the Director now owns 15,007 shares.
Jefferies upgraded its Lincoln National Corp. [LNC] rating to a Hold from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in early January from “a Neutral” to “an Underweight”. Barclays revised its rating on January 09, 2023. It rated LNC as “an Underweight” which previously was an “an Equal weight”.
Price Performance Review of LNC
On Friday, Lincoln National Corp. [NYSE:LNC] saw its stock jump 1.54% to $27.65. Over the last five days, the stock has lost -2.23%. Lincoln National Corp. shares have risen nearly 2.52% since the year began. Nevertheless, the stocks have risen 25.91% over the past one year. While a 52-week high of $32.43 was reached on 03/28/24, a 52-week low of $18.50 was recorded on 02/09/24. SMA at 50 days reached $28.18, while 200 days put it at $26.17. A total of 1.83 million shares were traded, compared to the trading of 1.85 million shares in the previous session.
Levels Of Support And Resistance For LNC Stock
The 24-hour chart illustrates a support level at 27.24, which if violated will result in even more drops to 26.84. On the upside, there is a resistance level at 27.98. A further resistance level may holdings at 28.31. The Relative Strength Index (RSI) on the 14-day chart is 42.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.93, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.39%. Stochastics %K at 8.02% indicates the stock is a buying.
