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Selling Buzz: Lakeland Financial Corp. [LKFN] Senior Vice President Clark Kyra E sells 500 shares of the company

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Lakeland Financial Corp. shares valued at $31,015 were sold by Clark Kyra E on May 03 ’24. At $62.03 per share, Clark Kyra E sold 500 shares. The insider’s holdings dropped to 7,596 shares worth approximately $0.46 million following the completion of this transaction.

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Also, FINDLAY DAVID M sold 12,000 shares, netting a total of over 783,120 in proceeds. Following the sale of shares at $65.26 each, the insider now holds 14,175 shares.

Before that, O’Neill Lisa M had sold 1,500 shares from its account. In a trade valued at $98,550, the EVP & CFO traded Lakeland Financial Corp. shares for $65.70 each. Upon closing the transaction, the insider’s holdings decreased to 1,500 shares, worth approximately $2.1 million.

As published in a research note from Raymond James on February 21, 2023, Lakeland Financial Corp. [LKFN] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $78. Analysts at Boenning & Scattergood started covering the stock with ‘”a Neutral”‘ outlook in a report released in early June. As of December 17, 2015, Raymond James has decreased its “an Outperform” rating to a “Mkt perform” for LKFN. Earlier on October 27, 2015, FIG Partners downgraded its rating. Their new recommendation was “a Market perform” for LKFN stock which previously was a “an Outperform”.

Analyzing LKFN Stock Performance

During the last five days, there has been a surge of approximately 2.33%. Over the course of the year, Lakeland Financial Corp. shares have dropped approximately -7.01%. Shares of the company reached a 52-week high of $73.22 on 01/29/24 and a 52-week low of $57.59 on 04/10/24. A 50-day SMA is recorded $61.04, while a 200-day SMA reached $59.51. Nevertheless, trading volume fell to 96894.0 shares from 88800.0 shares the previous day.

Support And Resistance Levels for Lakeland Financial Corp. (LKFN)

According to the 24-hour chart, there is a support level at 60.04, which, if violated, would cause prices to drop to 59.50. In the upper region, resistance lies at 61.62. The next price resistance is at 62.66. RSI (Relative Strength Index) is 49.63 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.73, which suggests the price will decrease in the coming days. Percent R is at 44.94%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.

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