Light & Wonder Inc’s recently made public that its President & CEO Wilson Matthew R. unloaded Company’s shares for reported $0.92 million on Mar 07 ’24. In the deal valued at $101.21 per share,9,044 shares were sold. As a result of this transaction, Wilson Matthew R. now holds 125,940 shares worth roughly $12.32 million.
Then, Lane Siobhan sold 3,566 shares, generating $359,203 in total proceeds. Upon selling the shares at $100.73, the SVP & CEO – Gaming now owns 11,302 shares.
Before that, Sottile James sold 1,549 shares. Light & Wonder Inc shares valued at $156,681 were divested by the Exec VP, CLO & Corp Sec at a price of $101.15 per share. As a result of the transaction, Sottile James now holds 57,478 shares, worth roughly $5.62 million.
Mizuho initiated its Light & Wonder Inc [LNW] rating to an Underperform in a research note published on March 26, 2024; the price target was $83. A number of analysts have revised their coverage, including Redburn Atlantic’s analysts, who decreased its forecast for the stock in mid March from “a Buy” to “a Neutral”. JP Morgan began covering LNW with “an Overweight” recommendation on January 30, 2024. The Benchmark Company started covering the stock on January 16, 2024. It rated LNW as “a Buy”.
Price Performance Review of LNW
On Tuesday, Light & Wonder Inc [NASDAQ:LNW] saw its stock jump 3.07% to $97.84. Over the last five days, the stock has gained 9.61%. Light & Wonder Inc shares have risen nearly 19.16% since the year began. Nevertheless, the stocks have risen 64.44% over the past one year. While a 52-week high of $108.90 was reached on 03/22/24, a 52-week low of $56.01 was recorded on 01/09/24. SMA at 50 days reached $97.60, while 200 days put it at $83.66. A total of 1.04 million shares were traded, compared to the trading of 0.43 million shares in the previous session.
Levels Of Support And Resistance For LNW Stock
The 24-hour chart illustrates a support level at 96.02, which if violated will result in even more drops to 94.20. On the upside, there is a resistance level at 98.87. A further resistance level may holdings at 99.90. The Relative Strength Index (RSI) on the 14-day chart is 58.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.41, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.00%. Stochastics %K at 92.79% indicates the stock is a selling.
The most recent change occurred on August 22, 2023 when Redburn began covering the stock and recommended ‘”a Buy”‘ rating along with a $104 price target.
