Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Lakeland Financial Corp shares valued at $355,923 were purchased by Steiner Jonathan P on Dec 12 ’24. At $73.93 per share, Steiner Jonathan P acquired 4,814 shares.
Also, Ottinger Eric H sold 3,959 shares, netting a total of over 290,986 in proceeds. Following the sale of shares at $73.50 each, the insider now holds 32,475 shares.
Before that, Ottinger Eric H had sold 41 shares from its account. In a trade valued at $3,014, the Executive Vice President traded Lakeland Financial Corp shares for $73.50 each. Upon closing the transaction, the insider’s holdings decreased to 41 shares, worth approximately $2.48 million.
As published in a research note from Raymond James on February 21, 2023, Lakeland Financial Corp [LKFN] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $78. Analysts at Boenning & Scattergood started covering the stock with ‘”a Neutral”‘ outlook in a report released in early June. As of December 17, 2015, Raymond James has decreased its “an Outperform” rating to a “Mkt perform” for LKFN. Earlier on October 27, 2015, FIG Partners downgraded its rating. Their new recommendation was “a Market perform” for LKFN stock which previously was a “an Outperform”.
Analyzing LKFN Stock Performance
During the last five days, there has been a drop of approximately -0.99%. Over the course of the year, Lakeland Financial Corp shares have dropped approximately -0.99%. Shares of the company reached a 52-week high of $69.69 on 01/02/25 and a 52-week low of $66.55 on 01/03/25. A 50-day SMA is recorded $71.19, while a 200-day SMA reached $65.21. Nevertheless, trading volume fell to 90433.0 shares from 0.11 million shares the previous day.
Support And Resistance Levels for Lakeland Financial Corp (LKFN)
According to the 24-hour chart, there is a support level at 67.26, which, if violated, would cause prices to drop to 66.44. In the upper region, resistance lies at 68.83. The next price resistance is at 69.58. RSI (Relative Strength Index) is 40.12 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.33, which suggests the price will decrease in the coming days. Percent R is at 76.78%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
