As a teenager, I worked in an instrument repair shop. One of tasks that I often had to do was repairing indicators. A large number of them simply needed the congealed oil, coolant, metal dust, and dirt removed, followed by a good oiling to work again.
Like was said, the oil will congeal and cause them to stick. Also, WD-40 leaves a residue that will cause them to stick also; I suspect that may have been the cause of the problems for many of them.
You should be able to disassemble it and fix it. IIRC, usually the issue on the Last Word's was in the "jewels" (the non-metal bearings), clean them, and the gear teeth, apply a couple drops (not a coating) of light machine oil, and reassemble, it should work fine. On the plunger based indicators, the sticking point was usually the rack. The same cleaning process usually fixed them. A lint free sting material was helpful for cleaning the slide bearings on those.