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. Lilly(Eli) & Co shares valued at $565,200 were sold by Zakrowski Donald A on Mar 11 ’24. At $753.60 per share, Zakrowski Donald A sold 750 shares. The insider’s holdings dropped to 7,880 shares worth approximately $5.99 million following the completion of this transaction.
Also, LILLY ENDOWMENT INC sold 169,684 shares, netting a total of over 132,521,930 in proceeds. Following the sale of shares at $780.99 each, the insider now holds 98,898,810 shares.
Before that, LILLY ENDOWMENT INC had sold 50,316 shares from its account. In a trade valued at $38,263,417, the 10% Owner traded Lilly(Eli) & Co shares for $760.46 each. Upon closing the transaction, the insider’s holdings decreased to 50,316 shares, worth approximately $75.25 billion.
As published in a research note from DZ Bank on February 21, 2024, Lilly(Eli) & Co [LLY] has been rated down from a Buy to a Hold and the price target has been revised to $820. Analysts at Morgan Stanley resumed the stock at ‘”an Overweight”‘ outlook in a report released in mid February. As of December 21, 2023, Daiwa Securities has decreased its “Buy” rating to a “an Outperform” for LLY. Earlier on November 09, 2023, Deutsche Bank initiated its rating. Their recommendation was “a Hold” for LLY stock.
Analyzing LLY Stock Performance
During the last five days, there has been a drop of approximately -1.11%. Over the course of the year, Lilly(Eli) & Co shares have jumped approximately 30.31%. Shares of the company reached a 52-week high of $800.78 on 03/04/24 and a 52-week low of $579.05 on 01/02/24. A 50-day SMA is recorded $755.02, while a 200-day SMA reached $607.07. Nevertheless, trading volume fell to 1.59 million shares from 1.7 million shares the previous day.
Support And Resistance Levels for Lilly(Eli) & Co (LLY)
According to the 24-hour chart, there is a support level at 752.40, which, if violated, would cause prices to drop to 745.20. In the upper region, resistance lies at 765.06. The next price resistance is at 770.52. RSI (Relative Strength Index) is 48.44 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -10.66, which suggests the price will decrease in the coming days. Percent R is at 72.76%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Lilly(Eli) & Co subject to short interest?
Stocks of Lilly(Eli) & Co saw a sharp rise in short interest on Mar 28, 2024 jumping by 0.0 shares to 5.42 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 5.42 million shares.
