Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Light & Wonder Inc shares valued at $2,068,964 were purchased by Regan Michael J on Aug 16 ’24. At $103.45 per share, Regan Michael J acquired 20,000 shares.
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Also, Korsanos Antonia purchased 70 shares, netting a total of over 6,653 in proceeds. Following the buying of shares at $95.04 each, the insider now holds 313 shares.
Before that, Korsanos Antonia had added 72 shares to its account. In a trade valued at $6,589, the Director bought Light & Wonder Inc shares for $91.51 each. Upon closing the transaction, the insider’s holdings increased to 72 shares, worth approximately $21320.82.
As published in a research note from UBS on September 25, 2024, Light & Wonder Inc [LNW] has been rated up from a Neutral to a Buy. Analysts at Maxim Group started covering the stock with ‘”a Buy”‘ outlook in a report released in late August. As of May 10, 2024, Susquehanna has decreased its “Positive” rating to a “Neutral” for LNW. Earlier on March 26, 2024, Mizuho initiated its rating. Their recommendation was “an Underperform” for LNW stock.
Analyzing LNW Stock Performance
During the last five days, there has been a drop of approximately -4.22%. Over the course of the year, Light & Wonder Inc shares have jumped approximately 6.86%. Shares of the company reached a 52-week high of $115.00 on 09/19/24 and a 52-week low of $76.52 on 01/09/24. A 50-day SMA is recorded $104.19, while a 200-day SMA reached $96.25. Nevertheless, trading volume fell to 0.9 million shares from 1.66 million shares the previous day.
Support And Resistance Levels for Light & Wonder Inc (LNW)
According to the 24-hour chart, there is a support level at 86.65, which, if violated, would cause prices to drop to 85.55. In the upper region, resistance lies at 89.20. The next price resistance is at 90.65. RSI (Relative Strength Index) is 24.81 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -12.56, which suggests the price will decrease in the coming days. Percent R is at 95.21%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
