In a filing, Lincoln National Corp. revealed its Officer Mathew Grove acquired Company’s shares for reported $0.3 million on Aug 06 ’24. In the deal valued at $29.27 per share,10,174 shares were bought.
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Then, Woodroffe Sean sold 55,127 shares, generating $1,795,486 in total proceeds. Upon selling the shares at $32.57, the EVP, Ch Ppl Culture Comms Off now owns 198,255 shares.
Before that, Ryan Owen bought 10,000 shares. Lincoln National Corp. shares valued at $259,000 were divested by the Director at a price of $25.90 per share. As a result of the transaction, Ryan Owen now holds 10,000 shares, worth roughly $0.3 million.
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 1.51% to $29.59. Over the last five days, the stock has lost -1.43%. Lincoln National Corp. shares have risen nearly 9.71% since the year began. Nevertheless, the stocks have risen 11.07% 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 $31.73, while 200 days put it at $28.24. A total of 0.97 million shares were traded, compared to the trading of 1.29 million shares in the previous session.
Levels Of Support And Resistance For LNC Stock
The 24-hour chart illustrates a support level at 29.16, which if violated will result in even more drops to 28.73. On the upside, there is a resistance level at 29.87. A further resistance level may holdings at 30.15. The Relative Strength Index (RSI) on the 14-day chart is 39.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.87%. Stochastics%K at 16.80% indicates the stock is a buying.
