Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Lancaster Colony Corp shares valued at $507,000 were purchased by Fullen Elliot K. on Aug 27 ’24. At $169.00 per share, Fullen Elliot K. acquired 3,000 shares. The insider’s holdings grew to 5,298 shares worth approximately $0.99 million following the completion of this transaction.
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Also, Knight George F. III purchased 75 shares, netting a total of over 15,488 in proceeds. Following the buying of shares at $206.51 each, the insider now holds 770 shares.
Before that, Bird Kristin had sold 1,207 shares from its account. In a trade valued at $232,541, the President-Foodservice Division traded Lancaster Colony Corp shares for $192.66 each. Upon closing the transaction, the insider’s holdings decreased to 1,207 shares, worth approximately $0.66 million.
As published in a research note from Stephens on February 02, 2024, Lancaster Colony Corp [LANC] has been rated down from an Overweight to an Equal-weight and the price target has been revised to $218 from $205. Analysts at DA Davidson started covering the stock with ‘”a Neutral”‘ outlook in a report released in early December. As of November 27, 2023, Jefferies has initiated its “Hold” rating for LANC. Earlier on October 13, 2023, Stephens initiated its rating. Their recommendation was “an Overweight” for LANC stock.
Analyzing LANC Stock Performance
During the last five days, there has been a surge of approximately 3.65%. Over the course of the year, Lancaster Colony Corp shares have jumped approximately 11.82%. Shares of the company reached a 52-week high of $215.31 on 02/01/24 and a 52-week low of $162.21 on 01/05/24. A 50-day SMA is recorded $181.87, while a 200-day SMA reached $188.53. Nevertheless, trading volume fell to 0.16 million shares from 0.15 million shares the previous day.
Support And Resistance Levels for Lancaster Colony Corp (LANC)
According to the 24-hour chart, there is a support level at 183.76, which, if violated, would cause prices to drop to 181.47. In the upper region, resistance lies at 189.10. The next price resistance is at 192.15. RSI (Relative Strength Index) is 52.27 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.63, which suggests the price will decrease in the coming days. Percent R is at 60.73%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
