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. 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 $36.79 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 $4.92 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 1.26%. Over the course of the year, LPL Financial Holdings Inc shares have jumped approximately 13.35%. Nevertheless, trading volume fell to 0.66 million shares from 0.49 million shares the previous day.
Support And Resistance Levels for LPL Financial Holdings Inc (LPLA)
RSI (Relative Strength Index) is 69.51 on the 14-day chart, showing neutral technical sentiment.
