Leucadia National Corporation (LUK) has risen sharply, recording gains of 4.66% in the past 4 weeks. However, the stock has corrected -1.06% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 3.59% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 2.13% and the 50-Day Moving Average is 5.71%. Leucadia National Corporation (NYSE:LUK): On Fridays trading session , Opening price of the stock was $18.7 with an intraday high of $18.7. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $18.47. However, the stock managed to close at $18.66, a loss of 0.64% for the day. On the previous day, the stock had closed at $18.78. The total traded volume of the day was 1,106,432 shares.
The company Insiders own 9.5% of Leucadia National Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 110.85% . Institutional Investors own 71.79% of Leucadia National Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 81.17%. Also, Oppenheimer maintains its rating on Leucadia National Corporation (NYSE:LUK). The global brokerage major raises the current price target from $22 per share to $23 per share. Analysts at the Oppenheimer have a current rating of Outperform on the shares. The rating by the firm was issued on August 5, 2016.
Leucadia National Corporation (Leucadia) is a diversified holding company engaged through its subsidiaries in a variety of businesses. The Companys business operations include capital markets and asset management. The capital markets business includes its securities, commodities, futures and foreign exchange brokerage trading provides the sales, trading, origination and advisory effort for various fixed income, equity and advisory activities and investment banking, which consist of underwritin