Lincoln National Corp.’s recent filing unveils that its Officer MATHEW GROVE acquired Company’s shares for reported $0.32 million on Aug 14 ’24. In the deal valued at $29.69 per share,10,877 shares were bought.
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Then, Mathew Grove bought 10,174 shares, generating $297,843 in total proceeds.
Before that, Woodroffe Sean sold 55,127 shares. Lincoln National Corp. shares valued at $1,795,486 were divested by the EVP, Ch Ppl Culture Comms Off at a price of $32.57 per share. As a result of the transaction, Woodroffe Sean now holds 198,255 shares, worth roughly $6.27 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 1.97% to $31.62. Over the last five days, the stock has gained 0.86%. Lincoln National Corp. shares have risen nearly 17.24% since the year began. Nevertheless, the stocks have risen 23.47% 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 $31.37, while 200 days put it at $28.66.
Levels Of Support And Resistance For LNC Stock
The 24-hour chart illustrates a support level at 31.26, which if violated will result in even more drops to 30.91. On the upside, there is a resistance level at 31.96. A further resistance level may holdings at 32.31. The Relative Strength Index (RSI) on the 14-day chart is 54.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.02, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.75%. Stochastics%K at 81.83% indicates the stock is a selling.
How much short interest is there in Lincoln National Corp.?
A steep rise in short interest was recorded in Lincoln National Corp. stocks on 2024-07-31, dropping by -0.48 million shares to a total of 3.97 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 4.45 million shares. There was a decline of -12.1%, which implies that there is a negative sentiment for the stock.
