Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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 $36.33 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 $4.86 million.
As published in a research note from Wells Fargo on October 09, 2024, LPL Financial Holdings Inc [LPLA] has been rated up from an Equal weight to an Overweight and the price target has been revised to $285 from $235. Analysts at Wells Fargo started covering the stock with ‘”an Equal weight”‘ outlook in a report released in mid September. As of July 30, 2024, BofA Securities has increased its “Neutral” rating to a “Buy” for LPLA. Earlier on April 09, 2024, Morgan Stanley upgraded its rating. Their new recommendation was “an Overweight” for LPLA stock which previously was a “an Equal-weight”.
Analyzing LPLA Stock Performance
During the last five days, there has been a surge of approximately 3.64%. Over the course of the year, LPL Financial Holdings Inc shares have jumped approximately 11.93%. 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 $222.52, while a 200-day SMA reached $249.15. Nevertheless, trading volume fell to 0.71 million shares from 0.67 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 251.41, which, if violated, would cause prices to drop to 248.05. In the upper region, resistance lies at 258.97. The next price resistance is at 263.17. RSI (Relative Strength Index) is 73.46 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 11.15, which suggests the price will increase in the coming days. Percent R is at 13.55%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
