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Taking a look at what insiders are doing to gauge the Lincoln National Corp. (LNC)’s direction

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Lincoln National Corp. shares valued at $1,795,486 were sold by Woodroffe Sean on May 28 ’24. At $32.57 per share, Woodroffe Sean sold 55,127 shares. The insider’s holdings dropped to 198,255 shares worth approximately $6.32 million following the completion of this transaction.

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Also, Ryan Owen purchased 10,000 shares, netting a total of over 259,000 in proceeds. Following the buying of shares at $25.90 each, the insider now holds 10,000 shares.

As published in a research note from Jefferies on May 22, 2024, Lincoln National Corp. [LNC] has been rated up from a Hold to a Buy and the price target has been revised to $34 from $26. Analysts at Jefferies upgraded the stock from ‘”an Underperform”‘ to ‘”a Hold”‘ outlook in a report released in mid February. As of January 03, 2024, JP Morgan has decreased its “Neutral” rating to a “an Underweight” for LNC.

Analyzing LNC Stock Performance

During the last five days, there has been a surge of approximately 0.92%. Over the course of the year, Lincoln National Corp. shares have jumped approximately 18.24%. Shares of the company reached a 52-week high of $33.33 on 06/03/24 and a 52-week low of $25.09 on 02/09/24. A 50-day SMA is recorded $29.99, while a 200-day SMA reached $26.96. Nevertheless, trading volume fell to 2.03 million shares from 1.07 million shares the previous day.

Support And Resistance Levels for Lincoln National Corp. (LNC)

According to the 24-hour chart, there is a support level at 31.39, which, if violated, would cause prices to drop to 30.88. In the upper region, resistance lies at 32.25. The next price resistance is at 32.60. RSI (Relative Strength Index) is 55.57 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.59, which suggests the price will decrease in the coming days. Percent R is at 44.44%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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