Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Lincoln National Corp. shares valued at $322,984 were purchased by MATHEW GROVE on Aug 14 ’24. At $29.69 per share, MATHEW GROVE acquired 10,877 shares.
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Also, Mathew Grove purchased 10,174 shares, netting a total of over 297,843 in proceeds.
Before that, Woodroffe Sean had sold 55,127 shares from its account. In a trade valued at $1,795,486, the EVP, Ch Ppl Culture Comms Off traded Lincoln National Corp. shares for $32.57 each. Upon closing the transaction, the insider’s holdings decreased to 55,127 shares, worth approximately $5.69 million.
As published in their initiating research note from Barclays on September 05, 2024, Lincoln National Corp. [LNC] has been an Equal weight and the price target has been revised to $35. Analysts at Jefferies upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late May. As of February 12, 2024, Jefferies has increased its “an Underperform” rating to a “Hold” for LNC. Earlier on January 03, 2024, JP Morgan downgraded its rating. Their new recommendation was “an Underweight” for LNC stock which previously was a “a Neutral”.
Analyzing LNC Stock Performance
During the last five days, there has been a drop of approximately -8.77%. Over the course of the year, Lincoln National Corp. shares have jumped approximately 6.45%. Shares of the company reached a 52-week high of $36.46 on 08/01/24 and a 52-week low of $25.09 on 02/09/24. A 50-day SMA is recorded $31.26, while a 200-day SMA reached $29.13. Nevertheless, trading volume fell to 1.59 million shares from 1.82 million shares the previous day.
Support And Resistance Levels for Lincoln National Corp. (LNC)
According to the 24-hour chart, there is a support level at 28.17, which, if violated, would cause prices to drop to 27.62. In the upper region, resistance lies at 29.10. The next price resistance is at 29.48. RSI (Relative Strength Index) is 31.17 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.07, which suggests the price will decrease in the coming days. Percent R is at 84.05%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
