In a filing, LPL Financial Holdings Inc revealed its President & CEO Arnold Dan H. unloaded Company’s shares for reported $1.57 million on Jun 14 ’24. In the deal valued at $277.31 per share,5,677 shares were sold. As a result of this transaction, Arnold Dan H. now holds 142,608 shares worth roughly $32.13 million.
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Then, Sethi Kabir sold 1,300 shares, generating $346,451 in total proceeds. Upon selling the shares at $266.50, the Managing Director now owns 10,245 shares.
Before that, Gates Greg sold 11,401 shares. LPL Financial Holdings Inc shares valued at $3,035,697 were divested by the Managing Director at a price of $266.27 per share. As a result of the transaction, Gates Greg now holds 19,080 shares, worth roughly $4.3 million.
BofA Securities upgraded its LPL Financial Holdings Inc [LPLA] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in early April from “an Equal-weight” to “an Overweight”. Raymond James began covering LPLA with “an Underperform” recommendation on April 04, 2024. TD Cowen started covering the stock on January 04, 2024. It rated LPLA as “a Market perform”.
Price Performance Review of LPLA
On Monday, LPL Financial Holdings Inc [NASDAQ:LPLA] saw its stock jump 0.67% to $225.33. Over the last five days, the stock has gained 1.76%. LPL Financial Holdings Inc shares have fallen nearly -1.01% since the year began. Nevertheless, the stocks have fallen -3.93% over the past one year. While a 52-week high of $289.88 was reached on 06/20/24, a 52-week low of $187.19 was recorded on 08/06/24. SMA at 50 days reached $239.57, while 200 days put it at $248.55.
Levels Of Support And Resistance For LPLA Stock
The 24-hour chart illustrates a support level at 223.95, which if violated will result in even more drops to 222.57. On the upside, there is a resistance level at 226.61. A further resistance level may holdings at 227.89. The Relative Strength Index (RSI) on the 14-day chart is 53.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 10.11, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.54%. Stochastics %K at 93.43% indicates the stock is a selling.
How much short interest is there in LPL Financial Holdings Inc?
A steep rise in short interest was recorded in LPL Financial Holdings Inc stocks on 2024-07-31, growing by 0.17 million shares to a total of 0.85 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 0.69 million shares. There was a rise of 19.5%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 01, 2023 when Redburn Atlantic began covering the stock and recommended ‘”a Neutral”‘ rating along with a $240 price target.
