Light & Wonder Inc’s recently made public that its former director Regan Michael J acquired Company’s shares for reported $2.07 million on Aug 16 ’24. In the deal valued at $103.45 per share,20,000 shares were bought.
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Then, Korsanos Antonia bought 70 shares, generating $6,653 in total proceeds. Upon buying the shares at $95.04, the Director now owns 313 shares.
Before that, Korsanos Antonia bought 72 shares. Light & Wonder Inc shares valued at $6,589 were divested by the Director at a price of $91.51 per share. As a result of the transaction, Korsanos Antonia now holds 243 shares, worth roughly $22693.77.
UBS upgraded its Light & Wonder Inc [LNW] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Maxim Group’s analysts, who began to cover the stock in late August with a ‘”a Buy”‘ rating. Susquehanna also remained covering LNW and has decreased its forecast on May 10, 2024 with a “Neutral” recommendation from previously “Positive” rating. Mizuho started covering the stock on March 26, 2024. It rated LNW as “an Underperform”.
Price Performance Review of LNW
On Friday, Light & Wonder Inc [NASDAQ:LNW] saw its stock jump 4.39% to $93.39. Over the last five days, the stock has gained 1.09%. Light & Wonder Inc shares have risen nearly 13.74% since the year began. Nevertheless, the stocks have risen 35.58% over the past one year. While a 52-week high of $115.00 was reached on 09/19/24, a 52-week low of $67.71 was recorded on 01/09/24. SMA at 50 days reached $103.76, while 200 days put it at $96.32.
Levels Of Support And Resistance For LNW Stock
The 24-hour chart illustrates a support level at 91.79, which if violated will result in even more drops to 90.19. On the upside, there is a resistance level at 94.42. A further resistance level may holdings at 95.44. The Relative Strength Index (RSI) on the 14-day chart is 38.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -8.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.48%. Stochastics %K at 13.37% indicates the stock is a buying.
How much short interest is there in Light & Wonder Inc?
A steep rise in short interest was recorded in Light & Wonder Inc stocks on 2024-09-13, dropping by -0.77 million shares to a total of 2.52 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 3.29 million shares. There was a decline of -30.58%, which implies that there is a negative sentiment for the stock.
