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. LPL Financial Holdings Inc shares valued at $15,805,020 were purchased by Arnold Dan H. on Dec 19 ’24. At $330.00 per share, Arnold Dan H. acquired 47,894 shares.
Also, Arnold Dan H. purchased 100 shares, netting a total of over 33,000 in proceeds.
Before that, Jambusaria Aneri had sold 305 shares from its account. In a trade valued at $101,242, the Managing Director traded LPL Financial Holdings Inc shares for $331.94 each. Upon closing the transaction, the insider’s holdings decreased to 305 shares, worth approximately $1.42 million.
As published in a research note from JP Morgan on January 07, 2025, LPL Financial Holdings Inc [LPLA] has been rated up from a Neutral to an Overweight and the price target has been revised to $397 from $288. Analysts at UBS upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early January. As of December 19, 2024, TD Cowen has increased its “Hold” rating to a “Buy” for LPLA. Earlier on October 09, 2024, Wells Fargo upgraded its rating. Their new recommendation was “an Overweight” for LPLA stock which previously was a “an Equal weight”.
Analyzing LPLA Stock Performance
During the last five days, there has been a surge of approximately 0.84%. Over the course of the year, LPL Financial Holdings Inc shares have jumped approximately 10.81%. Shares of the company reached a 52-week high of $366.00 on 01/29/25 and a 52-week low of $324.14 on 01/02/25. A 50-day SMA is recorded $333.14, while a 200-day SMA reached $271.94. Nevertheless, trading volume fell to 1.16 million shares from 0.47 million shares the previous day.
Support And Resistance Levels for LPL Financial Holdings Inc (LPLA)
According to the 24-hour chart, there is a support level at 358.92, which, if violated, would cause prices to drop to 356.05. In the upper region, resistance lies at 365.18. The next price resistance is at 368.57. RSI (Relative Strength Index) is 70.57 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 11.63, which suggests the price will increase in the coming days. Percent R is at 10.57%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
