LPL Financial Holdings Inc’s filing revealed that its Managing Director Jambusaria Aneri unloaded Company’s shares for reported $0.1 million on Dec 05 ’24. In the deal valued at $331.94 per share,305 shares were sold. As a result of this transaction, Jambusaria Aneri now holds 3,920 shares worth roughly $1.27 million.
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Then, Jambusaria Aneri bought 305 shares, generating $101,242 in total proceeds.
Before that, Arnold Dan H. sold 5,677 shares. LPL Financial Holdings Inc shares valued at $1,574,289 were divested by the President & CEO at a price of $277.31 per share. As a result of the transaction, Arnold Dan H. now holds 142,608 shares, worth roughly $46.21 million.
Wells Fargo upgraded its LPL Financial Holdings Inc [LPLA] rating to an Overweight from a an Equal weight in a research note published on October 09, 2024; the price target was increased to $285 from $235. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in mid September with a ‘”an Equal weight”‘ rating. BofA Securities also remained covering LPLA and has increased its forecast on July 30, 2024 with a “Buy” recommendation from previously “Neutral” rating. Morgan Stanley revised its rating on April 09, 2024. It rated LPLA as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of LPLA
On Tuesday, LPL Financial Holdings Inc [NASDAQ:LPLA] saw its stock jump 1.11% to $324.05. Over the last five days, the stock has gained 0.24%. LPL Financial Holdings Inc shares have risen nearly 42.36% since the year began. Nevertheless, the stocks have risen 44.59% over the past one year. While a 52-week high of $332.91 was reached on 12/09/24, a 52-week low of $187.19 was recorded on 08/06/24. SMA at 50 days reached $286.26, while 200 days put it at $259.77.
Levels Of Support And Resistance For LPLA Stock
The 24-hour chart illustrates a support level at 318.24, which if violated will result in even more drops to 312.44. On the upside, there is a resistance level at 328.11. A further resistance level may holdings at 332.18. The Relative Strength Index (RSI) on the 14-day chart is 64.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.77, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.15%. Stochastics %K at 58.36% indicates the stock is a holding.
How much short interest is there in LPL Financial Holdings Inc?
A steep rise in short interest was recorded in LPL Financial Holdings Inc stocks on 2024-11-29, dropping by -0.16 million shares to a total of 0.75 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.91 million shares. There was a decline of -20.99%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 04, 2024 when Raymond James began covering the stock and recommended ‘”an Underperform”‘ rating .