Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Lamb Weston Holdings Inc shares valued at $182,819 were purchased by NIBLOCK ROBERT A on Jan 13 ’25. At $60.94 per share, NIBLOCK ROBERT A acquired 3,000 shares. The insider’s holdings grew to 26,406 shares worth approximately $1.56 million following the completion of this transaction.
Also, BLIXT CHARLES A purchased 1,200 shares, netting a total of over 75,901 in proceeds. Following the buying of shares at $63.25 each, the insider now holds 22,982 shares.
Before that, JURGENSEN WILLIAM G had added 5,000 shares to its account. In a trade valued at $316,350, the Director bought Lamb Weston Holdings Inc shares for $63.27 each. Upon closing the transaction, the insider’s holdings increased to 5,000 shares, worth approximately $10.71 million.
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 -2.99%. Over the course of the year, Lamb Weston Holdings Inc shares have dropped approximately -11.61%. Shares of the company reached a 52-week high of $67.93 on 01/02/25 and a 52-week low of $58.30 on 01/16/25. A 50-day SMA is recorded $72.67, while a 200-day SMA reached $74.43. Nevertheless, trading volume fell to 2.53 million shares from 2.25 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 58.28, which, if violated, would cause prices to drop to 57.48. In the upper region, resistance lies at 59.89. The next price resistance is at 60.70. RSI (Relative Strength Index) is 29.51 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.61, which suggests the price will decrease in the coming days. Percent R is at 92.53%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
