In a filing, Light & Wonder Inc revealed its SVP & CEO – Gaming Lane Siobhan unloaded Company’s shares for reported $0.4 million on Mar 06 ’25. In the deal valued at $105.37 per share,3,784 shares were sold. As a result of this transaction, Lane Siobhan now holds 21,254 shares worth roughly $1.67 million.
Then, Kalabic Vanja sold 1,132 shares, generating $118,192 in total proceeds. Upon selling the shares at $104.41, the SVP & Chief Accounting Officer now owns 5,016 shares.
Before that, Wilson Matthew R. sold 18,243 shares. Light & Wonder Inc shares valued at $1,908,298 were divested by the President & CEO at a price of $104.60 per share. As a result of the transaction, Wilson Matthew R. now holds 142,246 shares, worth roughly $11.2 million.
Citigroup upgraded its Light & Wonder Inc [LNW] rating to a Buy from a a Neutral in a research note published recently. UBS also remained covering LNW and has increased its forecast on September 25, 2024 with a “Buy” recommendation from previously “Neutral” rating. Maxim Group started covering the stock on August 26, 2024. It rated LNW as “a Buy”.
Price Performance Review of LNW
On Monday, Light & Wonder Inc [NASDAQ:LNW] saw its stock jump 0.92% to $78.73. Over the last five days, the stock has lost -0.32%. Light & Wonder Inc shares have fallen nearly -8.86% since the year began. Nevertheless, the stocks have fallen -17.81% over the past one year. While a 52-week high of $115.00 was reached on 03/03/25, a 52-week low of $75.46 was recorded on 04/04/25. SMA at 50 days reached $96.89, while 200 days put it at $97.56.
Levels Of Support And Resistance For LNW Stock
The 24-hour chart illustrates a support level at 77.26, which if violated will result in even more drops to 75.80. On the upside, there is a resistance level at 80.65. A further resistance level may holdings at 82.58. The Relative Strength Index (RSI) on the 14-day chart is 33.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.77%. Stochastics %K at 8.68% indicates the stock is a buying.
How much short interest is there in Light & Wonder Inc?
A steep rise in short interest was recorded in Light & Wonder Inc stocks on 2025-03-31, dropping by -0.61 million shares to a total of 2.6 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 3.21 million shares. There was a decline of -23.55%, which implies that there is a negative sentiment for the stock.
