Saturday, June 25, 2022

A company insider recently sold 1,000 shares of Nu Skin Enterprises Inc. [NUS]. Should You Sale?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Nu Skin Enterprises Inc. shares valued at $44,060 were sold by LIPMAN ANDREW D on Jun 22. At $44.06 per share, LIPMAN ANDREW D sold 1,000 shares. The insider’s holdings dropped to 72,393 shares worth approximately $3.24 million following the completion of this transaction.

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Also, LUND STEVEN sold 800 shares, netting a total of over 36,008 in proceeds. Following the sale of shares at $45.01 each, the insider now holds 22,975 shares.

Before that, LUND STEVEN had sold 6,426 shares from its account. In a trade valued at $289,299, the Exec. Chairman of the Board traded Nu Skin Enterprises Inc. shares for $45.02 each. Upon closing the transaction, the insider’s holdings decreased to 6,426 shares, worth approximately $1.05 million.

As published in a research note from DA Davidson on February 12, 2021, Nu Skin Enterprises Inc. [NUS] has been rated down from a Buy to a Neutral. Analysts at BofA Securities upgraded the stock from ‘”an Underperform”‘ to ‘”a Neutral”‘ outlook in a report released in early October. As of July 02, 2020, Jefferies has increased its “Hold” rating to a “Buy” for NUS. Earlier on July 02, 2020, DA Davidson upgraded its rating. Their new recommendation was “a Buy” for NUS stock which previously was a “a Neutral”.

Analyzing NUS’s Price Performance

On Wednesday, Nu Skin Enterprises Inc. [NYSE: NUS] rose 0.70% to $44.71. The stock’s lowest price that day was $43.9504, but it reached a high of $45.03 in the same session. During the last five days, there has been a surge of approximately 2.55%. Over the course of the year, Nu Skin Enterprises Inc. shares have dropped approximately -11.90%. Shares of the company reached a 52-week high of $56.76 on 02/17/22 and a 52-week low of $40.80 on 04/27/22. A 50-day SMA is recorded $45.67, while a 200-day SMA reached $46.39. Nevertheless, trading volume fell to 0.39 million shares from 0.44 million shares the previous day.

Support And Resistance Levels for Nu Skin Enterprises Inc. (NUS)

According to the 24-hour chart, there is a support level at 44.10, which, if violated, would cause prices to drop to 43.48. In the upper region, resistance lies at 45.18. The next price resistance is at 45.64. RSI (Relative Strength Index) is 47.26 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.97, which suggests the price will decrease in the coming days. Percent R is at 64.94%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Which companies own the most shares of Nu Skin Enterprises Inc. (NUS)?

According to SSgA Funds Management, Inc. filings, the company currently owns 8,851,823 shares, which is about 17.63% of the total NUS shares outstanding. The investor’s shares have appreciated by 2,331,244 from its previous 13-F filing of 6520579.0 shares. With the completion of the sale, The Vanguard Group, Inc.’s stake is now worth $274,947,076. BlackRock Fund Advisors reduced a -0.59% interest valued at $231.92 million while Wellington Management Co. LLP sold a -461,120 stake. A total of 58,600 shares of Nu Skin Enterprises Inc. were sold by Renaissance Technologies LLC during the quarter, and 72,030 were bought by Dimensional Fund Advisors LP. In its current portfolio, State Street Global Advisors Ltd. holds 1,327,083 shares valued at $61.91 million.

In terms of Nu Skin Enterprises Inc. share price expectations, FactSet research, analysts set an average price target of $51.60 in the next 12 months, up nearly 19.37% from the previous closing price of $44.40. Analysts anticipate Nu Skin Enterprises Inc. stock to reach $60.00 by 2022, with the lowest price target being $45.00. In spite of this, 5 analysts ranked Nu Skin Enterprises Inc. stock as an Overweight at the end of 2022. On March 09, 2020, Deutsche Bank assigned a price target of “a Hold” to the stock and downgraded coverage with a $28.

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