Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Lakeland Financial Corp shares valued at $290,986 were sold by Ottinger Eric H on Nov 18 ’24. At $73.50 per share, Ottinger Eric H sold 3,959 shares. The insider’s holdings dropped to 32,475 shares worth approximately $2.42 million following the completion of this transaction.
Also, Ottinger Eric H sold 41 shares, netting a total of over 3,014 in proceeds. Following the sale of shares at $73.50 each, the insider now holds 36,434 shares.
Before that, FINDLAY DAVID M had sold 9,643 shares from its account. In a trade valued at $728,174, the CEO traded Lakeland Financial Corp shares for $75.51 each. Upon closing the transaction, the insider’s holdings decreased to 9,643 shares, worth approximately $7.82 million.
As published in a research note from Raymond James on February 21, 2023, Lakeland Financial Corp [LKFN] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $78. Analysts at Boenning & Scattergood started covering the stock with ‘”a Neutral”‘ outlook in a report released in early June. As of December 17, 2015, Raymond James has decreased its “an Outperform” rating to a “Mkt perform” for LKFN. Earlier on October 27, 2015, FIG Partners downgraded its rating. Their new recommendation was “a Market perform” for LKFN stock which previously was a “an Outperform”.
Analyzing LKFN Stock Performance
During the last five days, there has been a surge of approximately 3.31%. Over the course of the year, Lakeland Financial Corp shares have jumped approximately 14.33%. Shares of the company reached a 52-week high of $78.61 on 11/25/24 and a 52-week low of $57.45 on 07/09/24. A 50-day SMA is recorded $67.80, while a 200-day SMA reached $64.29. Nevertheless, trading volume fell to 73131.0 shares from 0.18 million shares the previous day.
Support And Resistance Levels for Lakeland Financial Corp (LKFN)
According to the 24-hour chart, there is a support level at 73.96, which, if violated, would cause prices to drop to 73.43. In the upper region, resistance lies at 75.54. The next price resistance is at 76.59. RSI (Relative Strength Index) is 60.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.94, which suggests the price will decrease in the coming days. Percent R is at 58.70%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
