The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. LPL Financial Holdings Inc shares valued at $1,574,289 were sold by Arnold Dan H. on Jun 14 ’24. At $277.31 per share, Arnold Dan H. sold 5,677 shares. The insider’s holdings dropped to 142,608 shares worth approximately $32.95 million following the completion of this transaction.
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Also, Sethi Kabir sold 1,300 shares, netting a total of over 346,451 in proceeds. Following the sale of shares at $266.50 each, the insider now holds 10,245 shares.
Before that, Gates Greg had sold 11,401 shares from its account. In a trade valued at $3,035,697, the Managing Director traded LPL Financial Holdings Inc shares for $266.27 each. Upon closing the transaction, the insider’s holdings decreased to 11,401 shares, worth approximately $4.41 million.
As published in their initiating research note from Wells Fargo on September 12, 2024, LPL Financial Holdings Inc [LPLA] has been an Equal weight and the price target has been revised to $235. Analysts at BofA Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late July. As of April 09, 2024, Morgan Stanley has increased its “an Equal-weight” rating to a “an Overweight” for LPLA. Earlier on April 04, 2024, Raymond James initiated its rating. Their recommendation was “an Underperform” for LPLA stock.
Analyzing LPLA Stock Performance
During the last five days, there has been a surge of approximately 0.31%. Over the course of the year, LPL Financial Holdings Inc shares have jumped approximately 1.52%. Shares of the company reached a 52-week high of $289.88 on 06/20/24 and a 52-week low of $187.19 on 08/06/24. A 50-day SMA is recorded $216.41, while a 200-day SMA reached $248.06. Nevertheless, trading volume fell to 1.24 million shares from 0.43 million shares the previous day.
Support And Resistance Levels for LPL Financial Holdings Inc (LPLA)
According to the 24-hour chart, there is a support level at 225.26, which, if violated, would cause prices to drop to 219.44. In the upper region, resistance lies at 234.38. The next price resistance is at 237.68. RSI (Relative Strength Index) is 61.66 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 9.78, which suggests the price will increase in the coming days. Percent R is at 11.43%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
