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Recent Insider Activity Could Benefit Leidos Holdings Inc (LDOS)

In a filing, Leidos Holdings Inc revealed its Director STALNECKER SUSAN M unloaded Company’s shares for reported $0.43 million on May 02 ’24. In the deal valued at $141.97 per share,3,014 shares were sold. As a result of this transaction, STALNECKER SUSAN M now holds 14,748 shares worth roughly $2.09 million.

Then, Kovarik Robert C JR sold 1,952 shares, generating $277,592 in total proceeds. Upon selling the shares at $142.21, the Director now owns 7,602 shares.

Before that, Fubini David G sold 7,874 shares. Leidos Holdings Inc shares valued at $1,006,969 were divested by the Director at a price of $127.89 per share. As a result of the transaction, Fubini David G now holds 14,696 shares, worth roughly $2.08 million.

Barclays upgraded its Leidos Holdings Inc [LDOS] rating to an Overweight from a an Equal weight in a research note published recently. A number of analysts have revised their coverage, including Argus’s analysts, who increased its forecast for the stock in mid November from “a Hold” to “a Buy”. Wells Fargo also remained covering LDOS and has increased its forecast on May 25, 2023 with a “an Overweight” recommendation from previously “an Equal weight” rating. Jefferies revised its rating on March 27, 2023. It rated LDOS as “a Hold” which previously was an “a Buy”.

Price Performance Review of LDOS

On Friday, Leidos Holdings Inc [NYSE:LDOS] saw its stock fall -0.69% to $141.67. Over the last five days, the stock has gained 8.68%. Leidos Holdings Inc shares have risen nearly 30.89% since the year began. Nevertheless, the stocks have risen 75.14% over the past one year. While a 52-week high of $143.35 was reached on 05/02/24, a 52-week low of $76.58 was recorded on 01/03/24. SMA at 50 days reached $129.01, while 200 days put it at $108.97. A total of 1.31 million shares were traded, compared to the trading of 1.72 million shares in the previous session.

Levels Of Support And Resistance For LDOS Stock

The 24-hour chart illustrates a support level at 140.90, which if violated will result in even more drops to 140.14. On the upside, there is a resistance level at 142.75. A further resistance level may holdings at 143.84. The Relative Strength Index (RSI) on the 14-day chart is 79.83, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 10.75, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.35%. Stochastics %K at 94.87% indicates the stock is a selling.

The most recent change occurred on December 08, 2022 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $130 price target.

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