The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Lamb Weston Holdings Inc shares valued at $554,291 were purchased by JURGENSEN WILLIAM G on Jul 26 ’24. At $55.43 per share, JURGENSEN WILLIAM G acquired 10,000 shares. The insider’s holdings grew to 173,377 shares worth approximately $13.38 million following the completion of this transaction.
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Also, NIBLOCK ROBERT A purchased 5,000 shares, netting a total of over 277,476 in proceeds. Following the buying of shares at $55.50 each, the insider now holds 20,805 shares.
As published in a research note from JP Morgan on October 07, 2024, Lamb Weston Holdings Inc [LW] has been rated down from an Overweight to a Neutral and the price target has been revised to $68 from $63. Analysts at Consumer Edge Research downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in late July. As of July 25, 2024, TD Cowen has decreased its “Buy” rating to a “Hold” for LW. Earlier on July 25, 2024, Stifel downgraded its rating. Their new recommendation was “a Hold” for LW stock which previously was a “a Buy”.
Analyzing LW Stock Performance
During the last five days, there has been a surge of approximately 10.61%. Over the course of the year, Lamb Weston Holdings Inc shares have dropped approximately -28.62%. Shares of the company reached a 52-week high of $111.88 on 01/04/24 and a 52-week low of $52.99 on 07/25/24. A 50-day SMA is recorded $66.07, while a 200-day SMA reached $83.18. Nevertheless, trading volume fell to 2.38 million shares from 1.68 million shares the previous day.
Support And Resistance Levels for Lamb Weston Holdings Inc (LW)
According to the 24-hour chart, there is a support level at 76.27, which, if violated, would cause prices to drop to 75.38. In the upper region, resistance lies at 77.78. The next price resistance is at 78.40. RSI (Relative Strength Index) is 73.53 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.61, which suggests the price will increase in the coming days. Percent R is at 18.07%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
