Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Lindsay Corporation shares valued at $312,455 were sold by Ketcham Brian L on Nov 14 ’24. At $124.98 per share, Ketcham Brian L sold 2,500 shares. The insider’s holdings dropped to 11,121 shares worth approximately $1.46 million following the completion of this transaction.
Also, Ketcham Brian L sold 1,500 shares, netting a total of over 185,250 in proceeds. Following the sale of shares at $123.50 each, the insider now holds 9,621 shares.
Before that, Di Si Pablo had sold 111 shares from its account. In a trade valued at $14,753, the Director traded Lindsay Corporation shares for $132.91 each. Upon closing the transaction, the insider’s holdings decreased to 111 shares, worth approximately $0.44 million.
As published in a research note from Northcoast on April 05, 2024, Lindsay Corporation [LNN] has been rated up from a Neutral to a Buy and the price target has been revised to $142. Analysts at ROTH MKM upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late October. As of September 15, 2023, Stifel has decreased its “Buy” rating to a “Hold” for LNN. Earlier on August 15, 2022, Northcoast downgraded its rating. Their new recommendation was “a Neutral” for LNN stock which previously was a “a Buy”.
Analyzing LNN Stock Performance
During the last five days, there has been a surge of approximately 2.79%. Over the course of the year, Lindsay Corporation shares have jumped approximately 1.90%. Shares of the company reached a 52-week high of $135.20 on 11/25/24 and a 52-week low of $109.27 on 07/09/24. A 50-day SMA is recorded $123.14, while a 200-day SMA reached $119.24. Nevertheless, trading volume fell to 83377.0 shares from 91400.0 shares the previous day.
Support And Resistance Levels for Lindsay Corporation (LNN)
According to the 24-hour chart, there is a support level at 130.28, which, if violated, would cause prices to drop to 128.93. In the upper region, resistance lies at 133.09. The next price resistance is at 134.56. RSI (Relative Strength Index) is 61.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.33, which suggests the price will increase in the coming days. Percent R is at 27.43%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
