Lazard Inc.’s recently made public that its CEO of Asset Management Russo Evan L unloaded Company’s shares for reported $2.95 million on Mar 13 ’24. In the deal valued at $39.35 per share,75,000 shares were sold. As a result of this transaction, Russo Evan L now holds 227,448 shares worth roughly $8.73 million.
Then, Gathy Michael sold 385 shares, generating $14,330 in total proceeds. Upon selling the shares at $37.22, the Chief Accounting Officer now owns 0 shares.
A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in early January from “a Peer perform” to “an Outperform”. Goldman also remained covering LAZ and has decreased its forecast on September 19, 2023 with a “Sell” recommendation from previously “Neutral” rating. Keefe Bruyette revised its rating on July 13, 2023. It rated LAZ as “a Mkt perform” which previously was an “an Underperform”.
Price Performance Review of LAZ
On Friday, Lazard Inc. [NYSE:LAZ] saw its stock fall -3.20% to $38.37. Over the last five days, the stock has lost -6.16%. Lazard Inc. shares have risen nearly 10.26% since the year began. Nevertheless, the stocks have risen 18.83% over the past one year. While a 52-week high of $42.24 was reached on 03/28/24, a 52-week low of $25.82 was recorded on 01/02/24. SMA at 50 days reached $39.42, while 200 days put it at $34.41. A total of 0.66 million shares were traded, compared to the trading of 0.66 million shares in the previous session.
Levels Of Support And Resistance For LAZ Stock
The 24-hour chart illustrates a support level at 37.88, which if violated will result in even more drops to 37.39. On the upside, there is a resistance level at 39.24. A further resistance level may holdings at 40.12. The Relative Strength Index (RSI) on the 14-day chart is 40.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.37%. Stochastics %K at 9.34% indicates the stock is a buying.
