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Lamb Weston Holdings Inc [LW] Investment Appeal on the Rise

Lamb Weston Holdings Inc’s recently made public that its Director JURGENSEN WILLIAM G acquired Company’s shares for reported $0.55 million on Jul 26 ’24. In the deal valued at $55.43 per share,10,000 shares were bought. As a result of this transaction, JURGENSEN WILLIAM G now holds 173,377 shares worth roughly $11.58 million.

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Then, NIBLOCK ROBERT A bought 5,000 shares, generating $277,476 in total proceeds. Upon buying the shares at $55.50, the Director now owns 20,805 shares.

Before that, JURGENSEN WILLIAM G bought 3,000 shares. Lamb Weston Holdings Inc shares valued at $253,050 were divested by the Director at a price of $84.35 per share. As a result of the transaction, JURGENSEN WILLIAM G now holds 162,835 shares, worth roughly $10.88 million.

Consumer Edge Research downgraded its Lamb Weston Holdings Inc [LW] rating to an Equal weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who decreased its forecast for the stock in late July from “a Buy” to “a Hold”. Stifel also remained covering LW and has decreased its forecast on July 25, 2024 with a “Hold” recommendation from previously “Buy” rating. Exane BNP Paribas started covering the stock on March 11, 2024. It rated LW as “an Outperform”.

Price Performance Review of LW

On Friday, Lamb Weston Holdings Inc [NYSE:LW] saw its stock jump 0.45% to $66.80. Over the last five days, the stock has gained 2.08%. Lamb Weston Holdings Inc shares have fallen nearly -38.20% since the year began. Nevertheless, the stocks have fallen -26.90% over the past one year. While a 52-week high of $111.88 was reached on 01/04/24, a 52-week low of $52.99 was recorded on 07/25/24. SMA at 50 days reached $62.49, while 200 days put it at $86.29.

Levels Of Support And Resistance For LW Stock

The 24-hour chart illustrates a support level at 66.01, which if violated will result in even more drops to 65.22. On the upside, there is a resistance level at 67.51. A further resistance level may holdings at 68.22. The Relative Strength Index (RSI) on the 14-day chart is 65.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.18, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.61%. Stochastics %K at 80.98% indicates the stock is a selling.

How much short interest is there in Lamb Weston Holdings Inc?

A steep rise in short interest was recorded in Lamb Weston Holdings Inc stocks on 2024-09-13, dropping by -0.75 million shares to a total of 6.24 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 7.0 million shares. There was a decline of -12.09%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on February 01, 2024 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $132 price target.

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