Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Lamb Weston Holdings Inc shares valued at $554,291 were purchased by JURGENSEN WILLIAM G on Jul 26 ’24. At $55.43 per share, JURGENSEN WILLIAM G acquired 10,000 shares. The insider’s holdings grew to 173,377 shares worth approximately $11.4 million following the completion of this transaction.
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Also, NIBLOCK ROBERT A purchased 5,000 shares, netting a total of over 277,476 in proceeds. Following the buying of shares at $55.50 each, the insider now holds 20,805 shares.
Before that, JURGENSEN WILLIAM G had added 3,000 shares to its account. In a trade valued at $253,050, the Director bought Lamb Weston Holdings Inc shares for $84.35 each. Upon closing the transaction, the insider’s holdings increased to 3,000 shares, worth approximately $10.71 million.
As published in a research note from Consumer Edge Research on July 26, 2024, Lamb Weston Holdings Inc [LW] has been rated down from an Overweight to an Equal weight. Analysts at TD Cowen downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late July. As of July 25, 2024, Stifel has decreased its “Buy” rating to a “Hold” for LW. Earlier on March 11, 2024, Exane BNP Paribas initiated its rating. Their recommendation was “an Outperform” for LW stock.
Analyzing LW Stock Performance
During the last five days, there has been a surge of approximately 5.11%. Over the course of the year, Lamb Weston Holdings Inc shares have dropped approximately -39.15%. Shares of the company reached a 52-week high of $111.88 on 01/04/24 and a 52-week low of $52.99 on 07/25/24. A 50-day SMA is recorded $64.28, while a 200-day SMA reached $87.54. Nevertheless, trading volume fell to 2.3 million shares from 1.79 million shares the previous day.
Support And Resistance Levels for Lamb Weston Holdings Inc (LW)
According to the 24-hour chart, there is a support level at 65.20, which, if violated, would cause prices to drop to 64.63. In the upper region, resistance lies at 66.65. The next price resistance is at 67.52. RSI (Relative Strength Index) is 61.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.24, which suggests the price will increase in the coming days. Percent R is at 18.74%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
