Light & Wonder Inc’s filing revealed 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 $22679.19.
A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in late September from “a Neutral” to “a Buy”. Maxim Group began covering LNW with “Buy” recommendation on August 26, 2024. Susquehanna revised its rating on May 10, 2024. It rated LNW as “a Neutral” which previously was an “a Positive”.
Price Performance Review of LNW
On Friday, Light & Wonder Inc [NASDAQ:LNW] saw its stock fall -1.35% to $93.33. Over the last five days, the stock has lost -2.48%. Light & Wonder Inc shares have risen nearly 13.66% since the year began. Nevertheless, the stocks have risen 24.66% over the past one year. While a 52-week high of $115.00 was reached on 09/19/24, a 52-week low of $72.06 was recorded on 01/09/24. SMA at 50 days reached $102.12, while 200 days put it at $96.91.
Levels Of Support And Resistance For LNW Stock
The 24-hour chart illustrates a support level at 92.78, which if violated will result in even more drops to 92.22. On the upside, there is a resistance level at 94.33. A further resistance level may holdings at 95.32. The Relative Strength Index (RSI) on the 14-day chart is 39.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.01, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 44.38%. Stochastics %K at 64.09% indicates the stock is a holding.
How much short interest is there in Light & Wonder Inc?
A steep rise in short interest was recorded in Light & Wonder Inc stocks on 2024-09-30, dropping by -1.41 million shares to a total of 2.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 3.84 million shares. There was a decline of -58.1%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 26, 2024 when Mizuho began covering the stock and recommended ‘”an Underperform”‘ rating along with a $83 price target.
