The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Herbalife Ltd shares valued at $151,143 were purchased by Mendoza Juan Miguel on Mar 26 ’24. At $9.40 per share, Mendoza Juan Miguel acquired 16,079 shares. The insider’s holdings grew to 54,622 shares worth approximately $0.47 million following the completion of this transaction.
Also, Macadrai Rodica purchased 5,332 shares, netting a total of over 50,121 in proceeds. Following the buying of shares at $9.40 each, the insider now holds 18,048 shares.
Before that, Wang Henry C had added 2,778 shares to its account. In a trade valued at $25,835, the EVP, General Counsel bought Herbalife Ltd shares for $9.30 each. Upon closing the transaction, the insider’s holdings increased to 2,778 shares, worth approximately $1.52 million.
As published in their initiating research note from DA Davidson on September 14, 2023, Herbalife Ltd [HLF] has been a Neutral and the price target has been revised to $13.50. Analysts at Mizuho started covering the stock with ‘”a Neutral”‘ outlook in a report released in early June. As of February 03, 2023, BofA Securities has initiated its “an Underperform” rating for HLF. Earlier on July 12, 2022, Jefferies upgraded its rating. Their new recommendation was “a Buy” for HLF stock which previously was a “a Hold”.
Analyzing HLF Stock Performance
During the last five days, there has been a surge of approximately 5.65%. Over the course of the year, Herbalife Ltd shares have dropped approximately -43.64%. Shares of the company reached a 52-week high of $15.43 on 01/02/24 and a 52-week low of $6.68 on 02/15/24. A 50-day SMA is recorded $9.51, while a 200-day SMA reached $13.06. Nevertheless, trading volume fell to 2.92 million shares from 2.56 million shares the previous day.
Support And Resistance Levels for Herbalife Ltd (HLF)
According to the 24-hour chart, there is a support level at 8.30, which, if violated, would cause prices to drop to 8.01. In the upper region, resistance lies at 8.76. The next price resistance is at 8.92. RSI (Relative Strength Index) is 46.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.27, which suggests the price will decrease in the coming days. Percent R is at 54.21%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Herbalife Ltd subject to short interest?
Stocks of Herbalife Ltd saw a sharp steep in short interest on Mar 28, 2024 dropping by -1.72 million shares to 12.07 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 13.79 million shares. A decline of -14.25% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 6.88 of the overall float, the days-to-cover ratio (short ratio) decline to 6.88.
