Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Lamb Weston Holdings Inc shares valued at $212,082 were purchased by Rajagopalan Sukshma on Oct 31 ’24. At $78.00 per share, Rajagopalan Sukshma acquired 2,719 shares.
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Also, JURGENSEN WILLIAM G purchased 10,000 shares, netting a total of over 554,291 in proceeds. Following the buying of shares at $55.43 each, the insider now holds 173,377 shares.
Before that, NIBLOCK ROBERT A had added 5,000 shares to its account. In a trade valued at $277,476, the Director bought Lamb Weston Holdings Inc shares for $55.50 each. Upon closing the transaction, the insider’s holdings increased to 5,000 shares, worth approximately $1.58 million.
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 drop of approximately -4.95%. Over the course of the year, Lamb Weston Holdings Inc shares have dropped approximately -29.59%. 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 $72.59, while a 200-day SMA reached $80.36. Nevertheless, trading volume fell to 1.09 million shares from 1.7 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 74.96, which, if violated, would cause prices to drop to 73.80. In the upper region, resistance lies at 76.74. The next price resistance is at 77.37. RSI (Relative Strength Index) is 49.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.61, which suggests the price will decrease in the coming days. Percent R is at 73.15%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
