Lincoln National Corp.’s filing revealed that its EVP, Ch Ppl Culture Comms Off Woodroffe Sean unloaded Company’s shares for reported $1.8 million on May 28 ’24. In the deal valued at $32.57 per share,55,127 shares were sold. As a result of this transaction, Woodroffe Sean now holds 198,255 shares worth roughly $6.53 million.
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Then, Ryan Owen bought 10,000 shares, generating $259,000 in total proceeds. Upon buying the shares at $25.90, the Director now owns 10,000 shares.
Jefferies upgraded its Lincoln National Corp. [LNC] rating to a Buy from a a Hold in a research note published on May 22, 2024; the price target was increased to $34 from $26. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in mid February from “an Underperform” to “a Hold”. JP Morgan also remained covering LNC and has decreased its forecast on January 03, 2024 with a “an Underweight” recommendation from previously “Neutral” rating.
Price Performance Review of LNC
On Friday, Lincoln National Corp. [NYSE:LNC] saw its stock jump 1.45% to $32.95. Over the last five days, the stock has gained 3.26%. Lincoln National Corp. shares have risen nearly 22.17% since the year began. Nevertheless, the stocks have risen 16.76% over the past one year. While a 52-week high of $33.33 was reached on 06/03/24, a 52-week low of $20.85 was recorded on 02/09/24. SMA at 50 days reached $31.76, while 200 days put it at $27.86. A total of 0.78 million shares were traded, compared to the trading of 1.06 million shares in the previous session.
Levels Of Support And Resistance For LNC Stock
The 24-hour chart illustrates a support level at 32.74, which if violated will result in even more drops to 32.52. On the upside, there is a resistance level at 33.09. A further resistance level may holdings at 33.23. The Relative Strength Index (RSI) on the 14-day chart is 59.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 11.18%. Stochastics%K at 72.95% indicates the stock is a holding.
