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 $0.83 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 $2.5 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 jump 0.45% to $13.53. Over the last five days, the stock has gained 2.04%. Elanco Animal Health Inc shares have fallen nearly -9.19% since the year began. Nevertheless, the stocks have risen 48.03% 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 $15.08, while 200 days put it at $13.12. A total of 3.72 million shares were traded, compared to the trading of 3.92 million shares in the previous session.
Levels Of Support And Resistance For ELAN Stock
The 24-hour chart illustrates a support level at 13.37, which if violated will result in even more drops to 13.21. On the upside, there is a resistance level at 13.73. A further resistance level may holdings at 13.93. The Relative Strength Index (RSI) on the 14-day chart is 41.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 30.58%. Stochastics %K at 44.71% indicates the stock is a holding.
