In a filing, Herbalife Ltd revealed its Director Mendoza Juan Miguel acquired Company’s shares for reported $0.15 million on Mar 26 ’24. In the deal valued at $9.40 per share,16,079 shares were bought. As a result of this transaction, Mendoza Juan Miguel now holds 54,622 shares worth roughly $0.43 million.
Then, Macadrai Rodica bought 5,332 shares, generating $50,121 in total proceeds. Upon buying the shares at $9.40, the Director now owns 18,048 shares.
Before that, Wang Henry C bought 2,778 shares. Herbalife Ltd shares valued at $25,835 were divested by the EVP, General Counsel at a price of $9.30 per share. As a result of the transaction, Wang Henry C now holds 176,194 shares, worth roughly $1.38 million.
DA Davidson initiated its Herbalife Ltd [HLF] rating to a Neutral in a research note published on September 14, 2023; the price target was $13.50. A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in early June with a ‘”a Neutral”‘ rating. BofA Securities began covering HLF with “an Underperform” recommendation on February 03, 2023. Jefferies revised its rating on July 12, 2022. It rated HLF as “a Buy” which previously was an “a Hold”.
Price Performance Review of HLF
On Friday, Herbalife Ltd [NYSE:HLF] saw its stock jump 2.75% to $7.86. Over the last five days, the stock has lost -21.79%. Herbalife Ltd shares have fallen nearly -48.49% since the year began. Nevertheless, the stocks have fallen -49.58% over the past one year. While a 52-week high of $19.48 was reached on 01/02/24, a 52-week low of $6.68 was recorded on 02/15/24. SMA at 50 days reached $9.75, while 200 days put it at $13.12. A total of 5.09 million shares were traded, compared to the trading of 4.95 million shares in the previous session.
Levels Of Support And Resistance For HLF Stock
The 24-hour chart illustrates a support level at 7.35, which if violated will result in even more drops to 6.84. On the upside, there is a resistance level at 8.15. A further resistance level may holdings at 8.45. The Relative Strength Index (RSI) on the 14-day chart is 36.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.97, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.26%. Stochastics %K at 11.65% 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 Mar 15, 2024, dropping by 50000.0 shares to a total of 13.08 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 13.13 million shares. There was a decline of -0.38%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 16.69% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.18.
