Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Light & Wonder Inc shares valued at $2,068,964 were purchased by Regan Michael J on Aug 16 ’24. At $103.45 per share, Regan Michael J acquired 20,000 shares.
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Also, Korsanos Antonia purchased 70 shares, netting a total of over 6,653 in proceeds. Following the buying of shares at $95.04 each, the insider now holds 313 shares.
Before that, Korsanos Antonia had added 72 shares to its account. In a trade valued at $6,589, the Director bought Light & Wonder Inc shares for $91.51 each. Upon closing the transaction, the insider’s holdings increased to 72 shares, worth approximately $22611.149999999998.
Analysts at UBS upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late September. As of August 26, 2024, Maxim Group has initiated its “Buy” rating for LNW. Earlier on May 10, 2024, Susquehanna downgraded its rating. Their new recommendation was “a Neutral” for LNW stock which previously was a “a Positive”.
Analyzing LNW Stock Performance
During the last five days, there has been a drop of approximately -2.29%. Over the course of the year, Light & Wonder Inc shares have jumped approximately 13.32%. Shares of the company reached a 52-week high of $115.00 on 09/19/24 and a 52-week low of $76.52 on 01/09/24. A 50-day SMA is recorded $101.57, while a 200-day SMA reached $97.13. Nevertheless, trading volume fell to 0.6 million shares from 0.32 million shares the previous day.
Support And Resistance Levels for Light & Wonder Inc (LNW)
According to the 24-hour chart, there is a support level at 91.86, which, if violated, would cause prices to drop to 90.67. In the upper region, resistance lies at 94.23. The next price resistance is at 95.41. RSI (Relative Strength Index) is 41.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.89, which suggests the price will decrease in the coming days. Percent R is at 74.47%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
