Lamb Weston Holdings Inc’s recently made public that its Former Officer Rajagopalan Sukshma acquired Company’s shares for reported $0.21 million on Oct 31 ’24. In the deal valued at $78.00 per share,2,719 shares were bought.
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Then, JURGENSEN WILLIAM G bought 10,000 shares, generating $554,291 in total proceeds. Upon buying the shares at $55.43, the Director now owns 173,377 shares.
Before that, NIBLOCK ROBERT A bought 5,000 shares. Lamb Weston Holdings Inc shares valued at $277,476 were divested by the Director at a price of $55.50 per share. As a result of the transaction, NIBLOCK ROBERT A now holds 20,805 shares, worth roughly $1.57 million.
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 fall -6.14% to $75.47. Over the last five days, the stock has lost -7.06%. Lamb Weston Holdings Inc shares have fallen nearly -30.18% since the year began. Nevertheless, the stocks have fallen -20.42% 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 $71.80, while 200 days put it at $80.78.
Levels Of Support And Resistance For LW Stock
The 24-hour chart illustrates a support level at 73.69, which if violated will result in even more drops to 71.91. On the upside, there is a resistance level at 78.82. A further resistance level may holdings at 82.17. The Relative Strength Index (RSI) on the 14-day chart is 46.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.86%. Stochastics %K at 48.17% indicates the stock is a holding.
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 2024-10-31, growing by 1.46 million shares to a total of 7.24 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 5.78 million shares. There was a rise of 20.19%, which implies that there is a positive 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.
