In a filing, Lamb Weston Holdings Inc revealed its Director JURGENSEN WILLIAM G acquired Company’s shares for reported $0.55 million on Jul 26 ’24. In the deal valued at $55.43 per share,10,000 shares were bought. As a result of this transaction, JURGENSEN WILLIAM G now holds 173,377 shares worth roughly $13.56 million.
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Then, NIBLOCK ROBERT A bought 5,000 shares, generating $277,476 in total proceeds. Upon buying the shares at $55.50, the Director now owns 20,805 shares.
JP Morgan downgraded its Lamb Weston Holdings Inc [LW] rating to a Neutral from a an Overweight in a research note published on October 07, 2024; the price target was increased to $68 from $63. A number of analysts have revised their coverage, including Consumer Edge Research’s analysts, who decreased its forecast for the stock in late July from “an Overweight” to “an Equal weight”. TD Cowen also remained covering LW and has decreased its forecast on July 25, 2024 with a “Hold” recommendation from previously “Buy” rating. Stifel revised its rating on July 25, 2024. It rated LW as “a Hold” which previously was an “a Buy”.
Price Performance Review of LW
On Friday, Lamb Weston Holdings Inc [NYSE:LW] saw its stock jump 10.17% to $78.22. Over the last five days, the stock has gained 9.63%. Lamb Weston Holdings Inc shares have fallen nearly -27.63% since the year began. Nevertheless, the stocks have fallen -9.60% over the past one year. While a 52-week high of $111.88 was reached on 01/04/24, a 52-week low of $52.99 was recorded on 07/25/24. SMA at 50 days reached $64.99, while 200 days put it at $83.61.
Levels Of Support And Resistance For LW Stock
The 24-hour chart illustrates a support level at 75.82, which if violated will result in even more drops to 73.43. On the upside, there is a resistance level at 79.95. A further resistance level may holdings at 81.69. The Relative Strength Index (RSI) on the 14-day chart is 78.29, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.65, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.26%. Stochastics %K at 82.35% indicates the stock is a selling.
How much short interest is there in Lamb Weston Holdings Inc?
A steep rise in short interest was recorded in Lamb Weston Holdings Inc stocks on 2024-09-30, dropping by -1.15 million shares to a total of 5.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 6.93 million shares. There was a decline of -19.92%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 11, 2024 when Exane BNP Paribas began covering the stock and recommended ‘”an Outperform”‘ rating along with a $128 price target.
