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. LPL Financial Holdings Inc shares valued at $1,574,289 were sold by Arnold Dan H. on Jun 14 ’24. At $277.31 per share, Arnold Dan H. sold 5,677 shares. The insider’s holdings dropped to 142,608 shares worth approximately $39.84 million following the completion of this transaction.
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Also, Arnold Dan H. sold 34,807 shares, netting a total of over 9,277,539 in proceeds. Following the sale of shares at $266.54 each, the insider now holds 141,810 shares.
Before that, Gates Greg had sold 11,401 shares from its account. In a trade valued at $3,035,697, the Managing Director traded LPL Financial Holdings Inc shares for $266.27 each. Upon closing the transaction, the insider’s holdings decreased to 11,401 shares, worth approximately $5.33 million.
As published in a research note from Morgan Stanley on April 09, 2024, LPL Financial Holdings Inc [LPLA] has been rated up from an Equal-weight to an Overweight and the price target has been revised to $315 from $254. Analysts at Raymond James started covering the stock with ‘”an Underperform”‘ outlook in a report released in early April. As of January 04, 2024, TD Cowen has initiated its “Market perform” rating for LPLA. Earlier on December 01, 2023, Redburn Atlantic initiated its rating. Their recommendation was “a Neutral” for LPLA stock.
Analyzing LPLA Stock Performance
During the last five days, there has been a surge of approximately 1.63%. Over the course of the year, LPL Financial Holdings Inc shares have jumped approximately 22.74%. Shares of the company reached a 52-week high of $289.88 on 06/20/24 and a 52-week low of $223.80 on 01/02/24. A 50-day SMA is recorded $275.23, while a 200-day SMA reached $249.57. Nevertheless, trading volume fell to 0.28 million shares from 0.66 million shares the previous day.
Support And Resistance Levels for LPL Financial Holdings Inc (LPLA)
According to the 24-hour chart, there is a support level at 276.81, which, if violated, would cause prices to drop to 274.25. In the upper region, resistance lies at 283.26. The next price resistance is at 287.15. RSI (Relative Strength Index) is 51.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.41, which suggests the price will increase in the coming days. Percent R is at 62.84%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
