Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Lazard Inc. shares valued at $2,951,250 were sold by Russo Evan L on Mar 13 ’24. At $39.35 per share, Russo Evan L sold 75,000 shares. The insider’s holdings dropped to 227,448 shares worth approximately $8.69 million following the completion of this transaction.
Also, Gathy Michael sold 385 shares, netting a total of over 14,330 in proceeds. Following the sale of shares at $37.22 each, the insider now holds 0 shares.
Analysts at Wolfe Research upgraded the stock from ‘”a Peer perform”‘ to ‘”an Outperform”‘ outlook in a report released in early January. As of September 19, 2023, Goldman has decreased its “Neutral” rating to a “Sell” for LAZ. Earlier on July 13, 2023, Keefe Bruyette upgraded its rating. Their new recommendation was “a Mkt perform” for LAZ stock which previously was a “an Underperform”.
Analyzing LAZ Stock Performance
During the last five days, there has been a drop of approximately -2.75%. Over the course of the year, Lazard Inc. shares have jumped approximately 9.83%. Shares of the company reached a 52-week high of $42.24 on 03/28/24 and a 52-week low of $34.83 on 01/02/24. A 50-day SMA is recorded $39.29, while a 200-day SMA reached $34.79. Nevertheless, trading volume fell to 0.6 million shares from 0.47 million shares the previous day.
Support And Resistance Levels for Lazard Inc. (LAZ)
According to the 24-hour chart, there is a support level at 37.60, which, if violated, would cause prices to drop to 36.98. In the upper region, resistance lies at 39.04. The next price resistance is at 39.86. RSI (Relative Strength Index) is 43.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.30, which suggests the price will decrease in the coming days. Percent R is at 61.43%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
