LPL Financial Holdings (NASDAQ:LPLA) has been under a strong bear grip, hence the stock is down -9.7% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.96% in the past 1 week. The stock has risen by 2.25% in the past week indicating that the buyers are active at lower levels, but the stock is down -8.24% in the past 4 weeks.
The company shares have dropped -50.80% from its 1 Year high price. On Aug 4, 2015, the shares registered one year high at $48.18 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $24.76 and the 200 Day Moving Average price is recorded at $26.73.
The stock has recorded a 20-day Moving Average of 3.05% and the 50-Day Moving Average is 8.23%.
LPL Financial Holdings (NASDAQ:LPLA): stock turned positive on Friday. Though the stock opened at $22.65, the bulls momentum made the stock top out at $23.23 level for the day. The stock recorded a low of $22.57 and closed the trading day at $22.71, in the green by 1.34%. The total traded volume for the day was 992,990. The stock had closed at $22.41 in the previous days trading.
In an insider trading activity, Buchheister Jeffrey R., officer (EVP, Chief Accounting Officer) of Lpl Financial Holdings Inc. had purchased 100 shares on February 12, 2016 in a transaction. The price per share was $16.4 and the total amount of the disclosed transaction was $1,640.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.
LPL Financial Holdings Inc. is an independent broker-dealer, a custodian for registered investment advisors (RIAs) and an independent consultant to retirement plans. The Company provides a platform of brokerage and investment advisory services to independent financial advisors, including financial advisors at around 700 financial institutions, enabling them to provide their retail investors with objective financial advice. It also supports approximately 4,400 financial advisors who are affiliated and licensed with insurance companies through customized clearing services, advisory platforms, and technology solutions. It provides its advisors with the front-office, middle-office, and back-office support. The Company provides its technology and service to advisors through a technology platform that is server-based and Web-accessible. Its subsidiaries include LPL Financial LLC, The Private Trust Company, N.A., Independent Advisers Group Corporation and LPL Insurance Associates, Inc.