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Analyzing Lincoln National Corp. (LNC) After Recent Trading Activity

In a filing, Lincoln National Corp. revealed 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 $5.95 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 fall -11.84% to $30.02. Over the last five days, the stock has lost -8.89%. Lincoln National Corp. shares have risen nearly 11.31% since the year began. Nevertheless, the stocks have risen 7.71% over the past one year. While a 52-week high of $36.46 was reached on 08/01/24, a 52-week low of $20.85 was recorded on 02/09/24. SMA at 50 days reached $32.03, while 200 days put it at $28.09. A total of 4.21 million shares were traded, compared to the trading of 3.48 million shares in the previous session.

Levels Of Support And Resistance For LNC Stock

The 24-hour chart illustrates a support level at 28.66, which if violated will result in even more drops to 27.29. On the upside, there is a resistance level at 31.93. A further resistance level may holdings at 33.84. The Relative Strength Index (RSI) on the 14-day chart is 37.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.71%. Stochastics%K at 42.72% indicates the stock is a holding.

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