Lilly(Eli) & Co’s recent filing unveils that its SVP, Finance, & CAO Zakrowski Donald A unloaded Company’s shares for reported $0.57 million on Mar 11 ’24. In the deal valued at $753.60 per share,750 shares were sold. As a result of this transaction, Zakrowski Donald A now holds 7,880 shares worth roughly $6.13 million.
Then, LILLY ENDOWMENT INC sold 169,684 shares, generating $132,521,930 in total proceeds. Upon selling the shares at $780.99, the 10% Owner now owns 98,898,810 shares.
Before that, LILLY ENDOWMENT INC sold 50,316 shares. Lilly(Eli) & Co shares valued at $38,263,417 were divested by the 10% Owner at a price of $760.46 per share. As a result of the transaction, LILLY ENDOWMENT INC now holds 99,068,494 shares, worth roughly $77.0 billion.
DZ Bank downgraded its Lilly(Eli) & Co [LLY] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who remained covering the stock and in mid February has reiterated a ‘”an Overweight”‘ rating for it. Daiwa Securities also remained covering LLY and has decreased its forecast on December 21, 2023 with a “an Outperform” recommendation from previously “Buy” rating. Deutsche Bank started covering the stock on November 09, 2023. It rated LLY as “a Hold”.
Price Performance Review of LLY
On Monday, Lilly(Eli) & Co [NYSE:LLY] saw its stock fall -0.88% to $777.29. Over the last five days, the stock has gained 2.20%. Lilly(Eli) & Co shares have risen nearly 33.34% since the year began. Nevertheless, the stocks have risen 114.58% over the past one year. While a 52-week high of $800.78 was reached on 03/04/24, a 52-week low of $363.04 was recorded on 01/02/24. SMA at 50 days reached $748.03, while 200 days put it at $602.52. A total of 1.66 million shares were traded, compared to the trading of 0.6 million shares in the previous session.
Levels Of Support And Resistance For LLY Stock
The 24-hour chart illustrates a support level at 772.03, which if violated will result in even more drops to 766.77. On the upside, there is a resistance level at 783.87. A further resistance level may holdings at 790.46. The Relative Strength Index (RSI) on the 14-day chart is 56.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.61, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 40.78%. Stochastics %K at 60.00% indicates the stock is a holding.
How much short interest is there in Lilly(Eli) & Co?
A steep rise in short interest was recorded in Lilly(Eli) & Co stocks on Mar 15, 2024, growing by 0.39 million shares to a total of 5.54 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 5.15 million shares. There was a rise of 7.04%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 0.65% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.66.
