As this happened, Morgan Stanley downgraded its Lloyds Banking Group plc ADR [LYG] rating to an Equal-weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in early October with a ‘”a Neutral”‘ rating. Kepler began covering LYG with “Hold” recommendation on September 05, 2024. Citigroup revised its rating on August 05, 2024. It rated LYG as “a Neutral” which previously was an “a Buy”.
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Price Performance Review of LYG
On Friday, Lloyds Banking Group plc ADR [NYSE:LYG] saw its stock jump 0.72% to $2.79. Over the last five days, the stock has gained 3.33%. Lloyds Banking Group plc ADR shares have risen nearly 16.74% since the year began. Nevertheless, the stocks have risen 19.74% over the past one year. While a 52-week high of $3.24 was reached on 10/24/24, a 52-week low of $2.00 was recorded on 02/13/24. SMA at 50 days reached $2.88, while 200 days put it at $2.82.
Levels Of Support And Resistance For LYG Stock
The 24-hour chart illustrates a support level at 2.77, which if violated will result in even more drops to 2.75. On the upside, there is a resistance level at 2.81. A further resistance level may holdings at 2.83. The Relative Strength Index (RSI) on the 14-day chart is 52.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 22.22%. Stochastics %K at 79.26% indicates the stock is a holding.
How much short interest is there in Lloyds Banking Group plc ADR?
A steep rise in short interest was recorded in Lloyds Banking Group plc ADR stocks on 2024-11-29, dropping by -3.96 million shares to a total of 9.62 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 13.57 million shares. There was a decline of -41.13%, which implies that there is a negative sentiment for the stock.
