The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Lincoln Educational Services Corp shares valued at $997,062 were sold by Juniper Investment Company, LL on Nov 27 ’24. At $16.62 per share, Juniper Investment Company, LL sold 60,000 shares. The insider’s holdings dropped to 605,005 shares worth approximately $9.98 million following the completion of this transaction.
Also, Juniper Investment Company, LL sold 34,997 shares, netting a total of over 578,178 in proceeds. Following the sale of shares at $16.52 each, the insider now holds 669,926 shares.
Before that, Juniper Investment Company, LL had sold 4,921 shares from its account. In a trade valued at $81,197, the 10% Owner traded Lincoln Educational Services Corp shares for $16.50 each. Upon closing the transaction, the insider’s holdings decreased to 4,921 shares, worth approximately $10.97 million.
As published in their initiating research note from Rosenblatt on September 09, 2022, Lincoln Educational Services Corp [LINC] has been a Buy and the price target has been revised to $8. Analysts at Lake Street started covering the stock with ‘”a Buy”‘ outlook in a report released in late June. As of September 10, 2020, Canaccord Genuity has initiated its “Buy” rating for LINC. Earlier on June 23, 2020, Colliers Securities initiated its rating. Their recommendation was “a Buy” for LINC stock.
Analyzing LINC Stock Performance
During the last five days, there has been a surge of approximately 7.22%. Over the course of the year, Lincoln Educational Services Corp shares have jumped approximately 64.24%. Shares of the company reached a 52-week high of $18.74 on 11/11/24 and a 52-week low of $8.91 on 01/31/24. A 50-day SMA is recorded $13.53, while a 200-day SMA reached $11.86. Nevertheless, trading volume fell to 0.19 million shares from 0.18 million shares the previous day.
Support And Resistance Levels for Lincoln Educational Services Corp (LINC)
According to the 24-hour chart, there is a support level at 16.40, which, if violated, would cause prices to drop to 16.31. In the upper region, resistance lies at 16.66. The next price resistance is at 16.83. RSI (Relative Strength Index) is 69.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.46, which suggests the price will decrease in the coming days. Percent R is at 57.40%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Which companies own the most shares of Lincoln Educational Services Corp (LINC)?
On May 22, 2020, B. Riley FBR assigned a price target of “a Buy” to the stock and initiated coverage with a $4.50.
