LPL Financial Holdings Inc’s recently made public that its President & CEO Arnold Dan H. unloaded Company’s shares for reported $1.57 million on Jun 14 ’24. In the deal valued at $277.31 per share,5,677 shares were sold. As a result of this transaction, Arnold Dan H. now holds 142,608 shares worth roughly $44.89 million.
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Then, Sethi Kabir sold 1,300 shares, generating $346,451 in total proceeds. Upon selling the shares at $266.50, the Managing Director now owns 10,245 shares.
Before that, Gates Greg sold 11,401 shares. LPL Financial Holdings Inc shares valued at $3,035,697 were divested by the Managing Director at a price of $266.27 per share. As a result of the transaction, Gates Greg now holds 19,080 shares, worth roughly $6.01 million.
Wells Fargo upgraded its LPL Financial Holdings Inc [LPLA] rating to an Overweight from a an Equal weight in a research note published on October 09, 2024; the price target was increased to $285 from $235. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in mid September with a ‘”an Equal weight”‘ rating. BofA Securities also remained covering LPLA and has increased its forecast on July 30, 2024 with a “Buy” recommendation from previously “Neutral” rating. Morgan Stanley revised its rating on April 09, 2024. It rated LPLA as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of LPLA
On Monday, LPL Financial Holdings Inc [NASDAQ:LPLA] saw its stock jump 0.24% to $314.77. Over the last five days, the stock has lost -0.99%. LPL Financial Holdings Inc shares have risen nearly 38.29% since the year began. Nevertheless, the stocks have risen 42.42% over the past one year. While a 52-week high of $322.03 was reached on 11/14/24, a 52-week low of $187.19 was recorded on 08/06/24. SMA at 50 days reached $254.32, while 200 days put it at $254.51.
Levels Of Support And Resistance For LPLA Stock
The 24-hour chart illustrates a support level at 312.63, which if violated will result in even more drops to 310.49. On the upside, there is a resistance level at 316.31. A further resistance level may holdings at 317.86. The Relative Strength Index (RSI) on the 14-day chart is 77.52, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 14.78, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.44%. Stochastics %K at 87.26% indicates the stock is a selling.
How much short interest is there in LPL Financial Holdings Inc?
A steep rise in short interest was recorded in LPL Financial Holdings Inc stocks on 2024-10-31, dropping by -0.27 million shares to a total of 0.91 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.18 million shares. There was a decline of -30.14%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 04, 2024 when Raymond James began covering the stock and recommended ‘”an Underperform”‘ rating .
