Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Lincoln National Corp shares valued at $103,068 were sold by Kennedy John Christopher on Nov 07 ’24. At $36.00 per share, Kennedy John Christopher sold 2,863 shares. The insider’s holdings dropped to 99,644 shares worth approximately $3.16 million following the completion of this transaction.
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Also, Woodroffe Sean sold 16,164 shares, netting a total of over 576,570 in proceeds. Following the sale of shares at $35.67 each, the insider now holds 203,577 shares.
Before that, John Kennedy had added 2,863 shares to its account. In a trade valued at $103,078, the Officer bought Lincoln National Corp shares for $36.00 each.
As published in their initiating research note from TD Cowen on October 09, 2024, Lincoln National Corp [LNC] has been a Hold and the price target has been revised to $34. Analysts at Barclays started covering the stock with ‘”an Equal weight”‘ outlook in a report released in early September. As of May 22, 2024, Jefferies has increased its “Hold” rating to a “Buy” for LNC. Earlier on February 12, 2024, Jefferies upgraded its rating. Their new recommendation was “a Hold” for LNC stock which previously was a “an Underperform”.
Analyzing LNC Stock Performance
During the last five days, there has been a drop of approximately -2.22%. Over the course of the year, Lincoln National Corp shares have jumped approximately 17.69%. Shares of the company reached a 52-week high of $36.98 on 11/06/24 and a 52-week low of $25.09 on 02/09/24. A 50-day SMA is recorded $33.82, while a 200-day SMA reached $31.41. Nevertheless, trading volume fell to 0.52 million shares from 0.82 million shares the previous day.
Support And Resistance Levels for Lincoln National Corp (LNC)
According to the 24-hour chart, there is a support level at 31.37, which, if violated, would cause prices to drop to 31.01. In the upper region, resistance lies at 31.94. The next price resistance is at 32.14. RSI (Relative Strength Index) is 38.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.17, which suggests the price will decrease in the coming days. Percent R is at 67.66%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
