Light & Wonder Inc (LNW)
Light & Wonder, Inc. develops technology-based products and services and related content for the gaming, lottery, social gaming and digital industries in the United States and internationally. The company is headquartered in Las Vegas, Nevada.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 7.91% per annum.
- LNW price at the close of April 28, 2025 was $84.70 and was inside the primary price channel.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 90.70% per annum.
- LNW price at the close of April 28, 2025 was inside the secondary price channel.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of LNW price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: February 23, 2024
End date: April 28, 2025
a = 4.9333
b = -0.0002
s = 0.0788
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0002) – 1
= -7.91%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0788) – 1
= 37.04%
February 23, 2024 calculations
Top border of price channel:
Exp(Y961)
= Exp(a + b × X961 + 2 × s)
= Exp(a + b × 1,395 + 2 × s)
= Exp(4.9333 + -0.0002 × 1,395 + 2 × 0.0788)
= Exp(4.7758)
= $118.60
Bottom border of price channel:
Exp(Y961)
= Exp(a + b × X961 – 2 × s)
= Exp(a + b × 1,395 – 2 × s)
= Exp(4.9333 + -0.0002 × 1,395 – 2 × 0.0788)
= Exp(4.4607)
= $86.55
April 28, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(4.9333 + -0.0002 × 1,825 + 2 × 0.0788)
= Exp(4.6787)
= $107.63
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(4.9333 + -0.0002 × 1,825 – 2 × 0.0788)
= Exp(4.3636)
= $78.54
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 7.91% per annum.
- LNW price at the close of April 28, 2025 was $84.70 and was inside the primary price channel.
Secondary Trend
Start date: February 26, 2025
End date: April 28, 2025
a = 16.2083
b = -0.0065
s = 0.0619
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0065) – 1
= -90.70%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0619) – 1
= 28.10%
February 26, 2025 calculations
Top border of price channel:
Exp(Y1,213)
= Exp(a + b × X1,213 + 2 × s)
= Exp(a + b × 1,764 + 2 × s)
= Exp(16.2083 + -0.0065 × 1,764 + 2 × 0.0619)
= Exp(4.8518)
= $127.97
Bottom border of price channel:
Exp(Y1,213)
= Exp(a + b × X1,213 – 2 × s)
= Exp(a + b × 1,764 – 2 × s)
= Exp(16.2083 + -0.0065 × 1,764 – 2 × 0.0619)
= Exp(4.6041)
= $99.90
April 28, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,825 + 2 × s)
= Exp(16.2083 + -0.0065 × 1,825 + 2 × 0.0619)
= Exp(4.4548)
= $86.04
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,825 – 2 × s)
= Exp(16.2083 + -0.0065 × 1,825 – 2 × 0.0619)
= Exp(4.2071)
= $67.16
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 90.70% per annum.
- LNW price at the close of April 28, 2025 was inside the secondary price channel.