Lancaster Colony Corp’s recently made public that its Director Fullen Elliot K. acquired Company’s shares for reported $0.51 million on Aug 27 ’24. In the deal valued at $169.00 per share,3,000 shares were bought. As a result of this transaction, Fullen Elliot K. now holds 5,298 shares worth roughly $0.91 million.
Then, Knight George F. III bought 75 shares, generating $15,488 in total proceeds. Upon buying the shares at $206.51, the Director now owns 770 shares.
Before that, Bird Kristin sold 1,207 shares. Lancaster Colony Corp shares valued at $232,541 were divested by the President-Foodservice Division at a price of $192.66 per share. As a result of the transaction, Bird Kristin now holds 3,546 shares, worth roughly $0.61 million.
Stephens downgraded its Lancaster Colony Corp [LANC] rating to an Equal-weight from a an Overweight in a research note published on February 02, 2024; the price target was increased to $218 from $205. A number of analysts have revised their coverage, including DA Davidson’s analysts, who began to cover the stock in early December with a ‘”a Neutral”‘ rating. Jefferies began covering LANC with “Hold” recommendation on November 27, 2023. Stephens started covering the stock on October 13, 2023. It rated LANC as “an Overweight”.
Price Performance Review of LANC
On Friday, Lancaster Colony Corp [NASDAQ:LANC] saw its stock jump 0.47% to $171.10. Over the last five days, the stock has gained 2.61%. Lancaster Colony Corp shares have fallen nearly -1.18% since the year began. Nevertheless, the stocks have fallen -0.42% over the past one year. While a 52-week high of $215.31 was reached on 01/06/25, a 52-week low of $163.20 was recorded on 01/08/25. SMA at 50 days reached $182.24, while 200 days put it at $184.85.
Levels Of Support And Resistance For LANC Stock
The 24-hour chart illustrates a support level at 170.38, which if violated will result in even more drops to 169.65. On the upside, there is a resistance level at 171.77. A further resistance level may holdings at 172.43. The Relative Strength Index (RSI) on the 14-day chart is 42.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.65, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.31%. Stochastics %K at 42.79% indicates the stock is a holding.
How much short interest is there in Lancaster Colony Corp?
A steep rise in short interest was recorded in Lancaster Colony Corp stocks on 2024-12-31, dropping by 18312.0 shares to a total of 0.41 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 0.43 million shares. There was a decline of -4.46%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 23, 2023 when Loop Capital began covering the stock and recommended ‘”a Buy”‘ rating along with a $237 price target.
