Herbalife Ltd.’s recent filing unveils that its EVP & Chief of Staff Montesino Ibelis unloaded Company’s shares for reported $98994.0 on Aug 30. In the deal valued at $14.99 per share,6,604 shares were sold. As a result of this transaction, Montesino Ibelis now holds 139,224 shares worth roughly $ 2.14 million.
Then, Gratziani Stephan Paulo bought 23,500 shares, generating $330,300 in total proceeds. Upon buying the shares at $14.06, the Director now owns 34,529 shares.
Before that, Mulligan Donal L bought 15,000 shares. Herbalife Ltd. shares valued at $289,800 were divested by the Director at a price of $19.32 per share. As a result of the transaction, Mulligan Donal L now holds 30,000 shares, worth roughly $0.46 million.
Mizuho initiated its Herbalife Ltd. [HLF] rating to a Neutral in a research note published on Friday, June 07, 2023; the price target was $13. PT values the company’s stock at a premium of -18.46 to its Friday closing price.
Price Performance Review of HLF
On Friday, Herbalife Ltd. [NYSE:HLF] saw its stock jump 2.53% to $15.40. On the same session, the stock had its day’s lowest price of $15.24, but rose to a high of $15.75. Over the last five days, the stock has lost -0.45%. Herbalife Ltd. shares have risen nearly 3.49% since the year began. Nevertheless, the stocks have fallen -40.97% over the past one year. While a 52-week high of $26.76 was reached on 02/15/23, a 52-week low of $11.14 was recorded on 05/25/23. SMA at 50 days reached $15.16, while 200 days put it at $15.51. A total of 0.81 million shares were traded, compared to the trading of 1.17 million shares in the previous session.
Levels Of Support And Resistance For HLF Stock
The 24-hour chart illustrates a support level at 15.18, which if violated will result in even more drops to 14.95. On the upside, there is a resistance level at 15.69. A further resistance level may holdings at 15.97. The Relative Strength Index (RSI) on the 14-day chart is 46.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.75%. Stochastics %K at 13.57% indicates the stock is a buying.
How much short interest is there in Herbalife Ltd.?
A steep rise in short interest was recorded in Herbalife Ltd. stocks on Aug 14, 2023, dropping by -0.99 million shares to a total of 12.3 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 13.29 million shares. There was a decline of -8.05%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 14.42% of the overall stock float, the days-to-cover ratio (short ratio) fell to 7.52.
Herbalife Ltd. [HLF] – Who Are The Largest Shareholders?
In filings from Route One Investment Co. LP, it is revealed that the company now owns 10,845,794 shares, or roughly 10.96% of the outstanding HLF shares. Additionally, The Vanguard Group, Inc. decreased -15.04% of its stake after which the total value it holdings stand at $166,549,710. Over the last quarter, Renaissance Technologies LLC sold -575,884 shares of Herbalife Ltd., while Morgan Stanley & Co. LLC sold 148,498 shares. At present, BlackRock Fund Advisors is holding 6,138,927 shares valued at $99.7 million. SSgA Funds Management, Inc. owned 4,875,388 shares of the company at the time of its most recent 13F filing, worth $79.18 million.
According to FactSet, Herbalife Ltd.’s share price will average $22.50 in the next year, based on opinions of analysts polled by the firm. This is up nearly 49.8 percent from its previous closing price of $15.02. Analysts expect Herbalife Ltd. stock to reach the higher price of $33.00, while the lowest price estimate is $12.00. However, 6 analysts have rated HLF stock as a Hold in their predictions for 2023.