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. Lamb Weston Holdings Inc shares valued at $75,901 were purchased by BLIXT CHARLES A on Dec 23 ’24. At $63.25 per share, BLIXT CHARLES A acquired 1,200 shares. The insider’s holdings grew to 22,982 shares worth approximately $1.46 million following the completion of this transaction.
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Also, JURGENSEN WILLIAM G purchased 5,000 shares, netting a total of over 316,350 in proceeds. Following the buying of shares at $63.27 each, the insider now holds 181,250 shares.
Before that, Rajagopalan Sukshma had added 2,719 shares to its account. In a trade valued at $212,082, the Former Officer bought Lamb Weston Holdings Inc shares for $78.00 each.
As published in a research note from Citigroup on December 20, 2024, Lamb Weston Holdings Inc [LW] has been rated down from a Buy to a Neutral and the price target has been revised to $68 from $90. Analysts at Deutsche Bank started covering the stock with ‘”a Hold”‘ outlook in a report released in mid December. As of December 03, 2024, Bernstein has initiated its “Mkt perform” rating for LW. Earlier on October 07, 2024, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for LW stock which previously was a “an Overweight”.
Analyzing LW Stock Performance
During the last five days, there has been a drop of approximately -22.63%. Over the course of the year, Lamb Weston Holdings Inc shares have dropped approximately -41.08%. Shares of the company reached a 52-week high of $111.88 on 01/04/24 and a 52-week low of $52.99 on 07/25/24. A 50-day SMA is recorded $76.32, while a 200-day SMA reached $77.29. Nevertheless, trading volume fell to 1.73 million shares from 4.34 million shares the previous day.
Support And Resistance Levels for Lamb Weston Holdings Inc (LW)
According to the 24-hour chart, there is a support level at 63.05, which, if violated, would cause prices to drop to 62.42. In the upper region, resistance lies at 64.74. The next price resistance is at 65.80. RSI (Relative Strength Index) is 31.29 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -10.52, which suggests the price will decrease in the coming days. Percent R is at 84.51%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
