Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Light & Wonder Inc shares valued at $6,653 were purchased by Korsanos Antonia on May 17 ’24. At $95.04 per share, Korsanos Antonia acquired 70 shares. The insider’s holdings grew to 313 shares worth approximately $31105.94 following the completion of this transaction.
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Also, Korsanos Antonia purchased 72 shares, netting a total of over 6,589 in proceeds. Following the buying of shares at $91.51 each, the insider now holds 243 shares.
Before that, Wilson Matthew R. had sold 9,044 shares from its account. In a trade valued at $915,343, the President & CEO traded Light & Wonder Inc shares for $101.21 each. Upon closing the transaction, the insider’s holdings decreased to 9,044 shares, worth approximately $12.52 million.
As published in a research note from Susquehanna on May 10, 2024, Light & Wonder Inc [LNW] has been rated down from a Positive to a Neutral and the price target has been revised to $95 from $111. Analysts at Mizuho started covering the stock with ‘”an Underperform”‘ outlook in a report released in late March. As of March 11, 2024, Redburn Atlantic has decreased its “Buy” rating to a “Neutral” for LNW. Earlier on January 30, 2024, JP Morgan initiated its rating. Their recommendation was “an Overweight” for LNW stock.
Analyzing LNW Stock Performance
During the last five days, there has been a surge of approximately 5.94%. Over the course of the year, Light & Wonder Inc shares have jumped approximately 21.03%. Shares of the company reached a 52-week high of $108.90 on 03/22/24 and a 52-week low of $76.52 on 01/09/24. A 50-day SMA is recorded $93.90, while a 200-day SMA reached $86.94. Nevertheless, trading volume fell to 0.62 million shares from 0.96 million shares the previous day.
Support And Resistance Levels for Light & Wonder Inc (LNW)
According to the 24-hour chart, there is a support level at 98.38, which, if violated, would cause prices to drop to 97.38. In the upper region, resistance lies at 100.91. The next price resistance is at 102.44. RSI (Relative Strength Index) is 59.76 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.80, which suggests the price will decrease in the coming days. Percent R is at 20.44%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
