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TD Cowen gives a Hold recommendation for Lincoln National Corp (LNC)

Lincoln National Corp’s recent filing unveils that its EVP, President LFD Kennedy John Christopher unloaded Company’s shares for reported $0.1 million on Nov 07 ’24. In the deal valued at $36.00 per share,2,863 shares were sold. As a result of this transaction, Kennedy John Christopher now holds 99,644 shares worth roughly $3.42 million.

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Then, Woodroffe Sean sold 16,164 shares, generating $576,570 in total proceeds. Upon selling the shares at $35.67, the EVP, Ch Ppl Culture Comms Off now owns 203,577 shares.

Before that, John Kennedy bought 2,863 shares. Lincoln National Corp shares valued at $103,078 were divested by the Officer at a price of $36.00 per share.

TD Cowen initiated its Lincoln National Corp [LNC] rating to a Hold in a research note published on October 09, 2024; the price target was $34. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early September with a ‘”an Equal weight”‘ rating. Jefferies also remained covering LNC and has increased its forecast on May 22, 2024 with a “Buy” recommendation from previously “Hold” rating. Jefferies revised its rating on February 12, 2024. It rated LNC as “a Hold” which previously was an “an Underperform”.

Price Performance Review of LNC

On Friday, Lincoln National Corp [NYSE:LNC] saw its stock fall -1.55% to $34.31. Over the last five days, the stock has lost -3.46%. Lincoln National Corp shares have risen nearly 27.22% since the year began. Nevertheless, the stocks have risen 42.66% over the past one year. While a 52-week high of $36.98 was reached on 11/06/24, a 52-week low of $23.78 was recorded on 02/09/24. SMA at 50 days reached $33.65, while 200 days put it at $31.10.

Levels Of Support And Resistance For LNC Stock

The 24-hour chart illustrates a support level at 34.04, which if violated will result in even more drops to 33.77. On the upside, there is a resistance level at 34.76. A further resistance level may holdings at 35.22. The Relative Strength Index (RSI) on the 14-day chart is 47.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.44%. Stochastics %K at 36.26% indicates the stock is a holding.

How much short interest is there in Lincoln National Corp?

A steep rise in short interest was recorded in Lincoln National Corp stocks on 2024-11-15, growing by 0.73 million shares to a total of 4.17 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 3.44 million shares. There was a rise of 17.46%, which implies that there is a positive sentiment for the stock.

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