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Checking in on LPL Financial Holdings Inc (LPLA) after recent insiders movement

LPL Financial Holdings Inc’s recently made public that its President & CEO Arnold Dan H. unloaded Company’s shares for reported $9.28 million on Feb 26 ’24. In the deal valued at $266.54 per share,34,807 shares were sold. As a result of this transaction, Arnold Dan H. now holds 141,810 shares worth roughly $38.1 million.

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Then, Gates Greg sold 11,401 shares, generating $3,035,697 in total proceeds. Upon selling the shares at $266.27, the Managing Director now owns 19,080 shares.

Before that, Audette Matthew J sold 5,574 shares. LPL Financial Holdings Inc shares valued at $1,485,607 were divested by the CFO and Head of Business Ops at a price of $266.52 per share. As a result of the transaction, Audette Matthew J now holds 13,663 shares, worth roughly $3.67 million.

Morgan Stanley upgraded its LPL Financial Holdings Inc [LPLA] rating to an Overweight from a an Equal-weight in a research note published on April 09, 2024; the price target was increased to $315 from $254. A number of analysts have revised their coverage, including Raymond James’s analysts, who began to cover the stock in early April with a ‘”an Underperform”‘ rating. TD Cowen began covering LPLA with “Market perform” recommendation on January 04, 2024. Redburn Atlantic started covering the stock on December 01, 2023. It rated LPLA as “a Neutral”.

Price Performance Review of LPLA

On Friday, LPL Financial Holdings Inc [NASDAQ:LPLA] saw its stock jump 1.44% to $268.64. Over the last five days, the stock has lost -0.79%. LPL Financial Holdings Inc shares have risen nearly 18.02% since the year began. Nevertheless, the stocks have risen 41.13% over the past one year. While a 52-week high of $276.12 was reached on 05/01/24, a 52-week low of $186.35 was recorded on 01/02/24. SMA at 50 days reached $265.02, while 200 days put it at $241.41. A total of 0.6 million shares were traded, compared to the trading of 0.39 million shares in the previous session.

Levels Of Support And Resistance For LPLA Stock

The 24-hour chart illustrates a support level at 264.82, which if violated will result in even more drops to 261.00. On the upside, there is a resistance level at 270.59. A further resistance level may holdings at 272.53. The Relative Strength Index (RSI) on the 14-day chart is 53.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.16%. Stochastics %K at 42.84% indicates the stock is a holding.

The most recent change occurred on September 07, 2023 when Barclays began covering the stock and recommended ‘”an Overweight”‘ rating along with a $275 price target.

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