Lincoln National Corp.’s filing revealed 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 $5.84 million.
Barclays initiated its Lincoln National Corp. [LNC] rating to an Equal weight in a research note published on September 05, 2024; the price target was $35. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in late May from “a Hold” to “a Buy”. Jefferies also remained covering LNC and has increased its forecast on February 12, 2024 with a “Hold” recommendation from previously “an Underperform” rating. JP Morgan revised its rating on January 03, 2024. It rated LNC as “an Underweight” which previously was an “a Neutral”.
Price Performance Review of LNC
On Friday, Lincoln National Corp. [NYSE:LNC] saw its stock jump 0.51% to $29.45. Lincoln National Corp. shares have risen nearly 9.20% since the year began. Nevertheless, the stocks have risen 19.42% 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 $31.17, while 200 days put it at $29.18.
Levels Of Support And Resistance For LNC Stock
The 24-hour chart illustrates a support level at 29.22, which if violated will result in even more drops to 28.99. On the upside, there is a resistance level at 29.81. A further resistance level may holdings at 30.17. The Relative Strength Index (RSI) on the 14-day chart is 39.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.20%. Stochastics %K at 26.04% indicates the stock is a holding.
How much short interest is there in Lincoln National Corp.?
A steep rise in short interest was recorded in Lincoln National Corp. stocks on 2024-08-30, dropping by -0.57 million shares to a total of 3.4 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 3.97 million shares. There was a decline of -16.84%, which implies that there is a negative sentiment for the stock.
