LPL Financial Holdings Inc’s recently made public that its President & CEO Arnold Dan H. unloaded Company’s shares for reported $1.57 million on Jun 14 ’24. In the deal valued at $277.31 per share,5,677 shares were sold. As a result of this transaction, Arnold Dan H. now holds 142,608 shares worth roughly $34.66 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Sethi Kabir sold 1,300 shares, generating $346,451 in total proceeds. Upon selling the shares at $266.50, the Managing Director now owns 10,245 shares.
Before that, Gates Greg sold 11,401 shares. LPL Financial Holdings Inc shares valued at $3,035,697 were divested by the Managing Director at a price of $266.27 per share. As a result of the transaction, Gates Greg now holds 19,080 shares, worth roughly $4.64 million.
Wells Fargo initiated its LPL Financial Holdings Inc [LPLA] rating to an Equal weight in a research note published on September 12, 2024; the price target was $235. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in late July from “a Neutral” to “a Buy”. Morgan Stanley also remained covering LPLA and has increased its forecast on April 09, 2024 with a “an Overweight” recommendation from previously “an Equal-weight” rating. Raymond James started covering the stock on April 04, 2024. It rated LPLA as “an Underperform”.
Price Performance Review of LPLA
On Friday, LPL Financial Holdings Inc [NASDAQ:LPLA] saw its stock jump 3.04% to $243.02. Over the last five days, the stock has gained 5.27%. LPL Financial Holdings Inc shares have risen nearly 6.77% since the year began. Nevertheless, the stocks have risen 4.50% over the past one year. While a 52-week high of $289.88 was reached on 06/20/24, a 52-week low of $187.19 was recorded on 08/06/24. SMA at 50 days reached $216.66, while 200 days put it at $248.31.
Levels Of Support And Resistance For LPLA Stock
The 24-hour chart illustrates a support level at 239.50, which if violated will result in even more drops to 235.98. On the upside, there is a resistance level at 245.37. A further resistance level may holdings at 247.72. The Relative Strength Index (RSI) on the 14-day chart is 70.76, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 10.60, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.30%. Stochastics %K at 92.54% indicates the stock is a selling.
How much short interest is there in LPL Financial Holdings Inc?
A steep rise in short interest was recorded in LPL Financial Holdings Inc stocks on 2024-09-13, dropping by 43734.0 shares to a total of 1.29 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 1.33 million shares. There was a decline of -3.39%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 04, 2024 when TD Cowen began covering the stock and recommended ‘”a Market perform”‘ rating along with a $224 price target.
