Elanco Animal Health Inc’s filing revealed that its Director DOYLE WILLIAM F acquired Company’s shares for reported $0.24 million on Mar 08 ’24. In the deal valued at $16.30 per share,15,000 shares were bought. As a result of this transaction, DOYLE WILLIAM F now holds 61,330 shares worth roughly $0.95 million.
Then, Harrington Michael J bought 3,100 shares, generating $50,494 in total proceeds. Upon buying the shares at $16.29, the Director now owns 77,594 shares.
Before that, HOOVER R DAVID bought 20,000 shares. Elanco Animal Health Inc shares valued at $322,808 were divested by the Director at a price of $16.14 per share. As a result of the transaction, HOOVER R DAVID now holds 185,000 shares, worth roughly $2.88 million.
Stifel upgraded its Elanco Animal Health Inc [ELAN] rating to a Buy from a a Hold in a research note published on January 05, 2024; the price target was increased to $20 from $13. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in mid December with a ‘”a Buy”‘ rating. Morgan Stanley also remained covering ELAN and has increased its forecast on December 15, 2023 with a “an Overweight” recommendation from previously “an Equal-weight” rating. Exane BNP Paribas started covering the stock on December 07, 2023. It rated ELAN as “an Outperform”.
Price Performance Review of ELAN
On Friday, Elanco Animal Health Inc [NYSE:ELAN] saw its stock jump 0.45% to $15.56. Over the last five days, the stock has lost -4.42%. Elanco Animal Health Inc shares have risen nearly 4.43% since the year began. Nevertheless, the stocks have risen 74.64% over the past one year. While a 52-week high of $16.88 was reached on 02/26/24, a 52-week low of $7.88 was recorded on 01/03/24. SMA at 50 days reached $15.85, while 200 days put it at $12.78. A total of 4.45 million shares were traded, compared to the trading of 3.39 million shares in the previous session.
Levels Of Support And Resistance For ELAN Stock
The 24-hour chart illustrates a support level at 15.41, which if violated will result in even more drops to 15.27. On the upside, there is a resistance level at 15.69. A further resistance level may holdings at 15.82. The Relative Strength Index (RSI) on the 14-day chart is 44.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.61%. Stochastics %K at 9.87% indicates the stock is a buying.
How much short interest is there in Elanco Animal Health Inc?
A steep rise in short interest was recorded in Elanco Animal Health Inc stocks on Mar 15, 2024, growing by 1.01 million shares to a total of 12.98 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 11.97 million shares. There was a rise of 7.78%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.20% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.92.
