Lilly(Eli) & Co’s filing revealed 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 $5.92 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 $74.38 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 -0.12% to $750.77. Over the last five days, the stock has lost -3.41%. Lilly(Eli) & Co shares have risen nearly 28.79% since the year began. Nevertheless, the stocks have risen 100.13% over the past one year. While a 52-week high of $800.78 was reached on 03/04/24, a 52-week low of $367.35 was recorded on 01/02/24. SMA at 50 days reached $758.94, while 200 days put it at $609.97. A total of 2.36 million shares were traded, compared to the trading of 2.5 million shares in the previous session.
Levels Of Support And Resistance For LLY Stock
The 24-hour chart illustrates a support level at 744.19, which if violated will result in even more drops to 737.62. On the upside, there is a resistance level at 762.67. A further resistance level may holdings at 774.58. The Relative Strength Index (RSI) on the 14-day chart is 44.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -13.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.59%. Stochastics %K at 15.31% indicates the stock is a buying.
