Lincoln National Corporation (NYSE:LNC) stated gains of 643,712 shares or 11.8% in the short interest. The short interest registered from 5,435,223 on May 31,2016 to 6,078,935 on June 15,2016. In terms of floated shares, the shorted positions stood at 2.6%. The stock has been averaging 2,314,477 shares daily in trading and would need 3 days to cover the shorts. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Lincoln National Corporation (NYSE:LNC): The stock opened at $41.06 on Friday but the bulls could not build on the opening and the stock topped out at $41.90 for the day. The stock traded down to $38.44 during the day, due to lack of any buying support eventually closed down at $38.47 with a loss of -13.30% for the day. The stock had closed at $44.37 on the previous day. The total traded volume was 5,033,103 shares.
The company shares have dropped -34.41% from its 1 Year high price. On Jul 1, 2015, the shares registered one year high at $61.20 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $43.69 and the 200 Day Moving Average price is recorded at $42.12.
Lincoln National Corporation (NYSE:LNC) has tumbled 8.64% during the past week and has dropped 16.66% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 7.13%. Lincoln National Corporation (NYSE:LNC) has underperformed the index by 14.14% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Lincoln National Corporation is a holding company, which operates multiple insurance and retirement businesses through subsidiary companies. The Company sells a range of wealth protection, accumulation and retirement income products and solutions, through its business segments. These products include fixed and indexed annuities, variable annuities, universal life insurance, variable universal life insurance, linked-benefit UL, term life insurance, indexed universal life insurance, employer-sponsored retirement plans and services, and group life, disability and dental. It operates in four segments: Annuities offers fixed (including indexed) and variable annuities. Retirement Plan Services provides employers with retirement plan products and services. Life Insurance focuses in the creation and protection of wealth through life insurance products. Group Protection offers principally group non-medical insurance products.