Light & Wonder Inc’s filing revealed that its Director Korsanos Antonia acquired Company’s shares for reported $6653.0 on May 17 ’24. In the deal valued at $95.04 per share,70 shares were bought. As a result of this transaction, Korsanos Antonia now holds 313 shares worth roughly $32157.62.
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Then, Korsanos Antonia bought 72 shares, generating $6,589 in total proceeds. Upon buying the shares at $91.51, the Director now owns 243 shares.
Before that, Wilson Matthew R. sold 9,044 shares. Light & Wonder Inc shares valued at $915,343 were divested by the President & CEO at a price of $101.21 per share. As a result of the transaction, Wilson Matthew R. now holds 125,940 shares, worth roughly $12.94 million.
Susquehanna downgraded its Light & Wonder Inc [LNW] rating to a Neutral from a a Positive in a research note published on May 10, 2024; the price target was decreased to $95 from $111. A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in late March with a ‘”an Underperform”‘ rating. Redburn Atlantic also remained covering LNW and has decreased its forecast on March 11, 2024 with a “Neutral” recommendation from previously “Buy” rating. JP Morgan started covering the stock on January 30, 2024. It rated LNW as “an Overweight”.
Price Performance Review of LNW
On Monday, Light & Wonder Inc [NASDAQ:LNW] saw its stock fall -2.04% to $102.74. Over the last five days, the stock has gained 0.87%. Light & Wonder Inc shares have risen nearly 25.12% since the year began. Nevertheless, the stocks have risen 50.53% over the past one year. While a 52-week high of $108.90 was reached on 03/22/24, a 52-week low of $62.16 was recorded on 01/09/24. SMA at 50 days reached $95.53, while 200 days put it at $87.89. A total of 0.7 million shares were traded, compared to the trading of 12.38 million shares in the previous session.
Levels Of Support And Resistance For LNW Stock
The 24-hour chart illustrates a support level at 101.54, which if violated will result in even more drops to 100.35. On the upside, there is a resistance level at 104.34. A further resistance level may holdings at 105.94. The Relative Strength Index (RSI) on the 14-day chart is 59.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.19, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 32.42%. Stochastics%K at 81.63% indicates the stock is a selling.
The most recent change occurred on January 16, 2024 when The Benchmark Company began covering the stock and recommended ‘”a Buy”‘ rating along with a $92 price target.
