In a filing, Elanco Animal Health Inc revealed its Director DOYLE WILLIAM F acquired Company’s shares for reported $0.24 million on Mar 08 ’24. In the deal valued at $16.30 per share,15,000 shares were bought. As a result of this transaction, DOYLE WILLIAM F now holds 61,330 shares worth roughly $0.79 million.
Then, Harrington Michael J bought 3,100 shares, generating $50,494 in total proceeds. Upon buying the shares at $16.29, the Director now owns 77,594 shares.
Before that, HOOVER R DAVID bought 20,000 shares. Elanco Animal Health Inc shares valued at $322,808 were divested by the Director at a price of $16.14 per share. As a result of the transaction, HOOVER R DAVID now holds 185,000 shares, worth roughly $2.4 million.
Stifel upgraded its Elanco Animal Health Inc [ELAN] rating to a Buy from a a Hold in a research note published on January 05, 2024; the price target was increased to $20 from $13. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in mid December with a ‘”a Buy”‘ rating. Morgan Stanley also remained covering ELAN and has increased its forecast on December 15, 2023 with a “an Overweight” recommendation from previously “an Equal-weight” rating. Exane BNP Paribas started covering the stock on December 07, 2023. It rated ELAN as “an Outperform”.
Price Performance Review of ELAN
On Friday, Elanco Animal Health Inc [NYSE:ELAN] saw its stock fall -4.57% to $12.95. Over the last five days, the stock has lost -9.76%. Elanco Animal Health Inc shares have fallen nearly -13.09% since the year began. Nevertheless, the stocks have risen 36.89% over the past one year. While a 52-week high of $16.88 was reached on 02/26/24, a 52-week low of $7.88 was recorded on 04/19/24. SMA at 50 days reached $15.64, while 200 days put it at $12.99. A total of 5.74 million shares were traded, compared to the trading of 3.81 million shares in the previous session.
Levels Of Support And Resistance For ELAN Stock
The 24-hour chart illustrates a support level at 12.60, which if violated will result in even more drops to 12.24. On the upside, there is a resistance level at 13.40. A further resistance level may holdings at 13.84. The Relative Strength Index (RSI) on the 14-day chart is 20.21, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.77%. Stochastics %K at 5.78% indicates the stock is a buying.
