e.l.f. Beauty Inc’s recent filing unveils that its SVP, Operations Franks Joshua Allen unloaded Company’s shares for reported $2.16 million on Apr 23 ’24. In the deal valued at $172.50 per share,12,506 shares were sold. As a result of this transaction, Franks Joshua Allen now holds 86,237 shares worth roughly $13.81 million.
Then, FIELDS MANDY J sold 1,250 shares, generating $218,625 in total proceeds. Upon selling the shares at $174.90, the insider now owns 77,146 shares.
Before that, MARCHISOTTO KORY sold 24,992 shares. e.l.f. Beauty Inc shares valued at $3,961,483 were divested by the insider at a price of $158.51 per share. As a result of the transaction, MARCHISOTTO KORY now holds 131,977 shares, worth roughly $21.13 million.
TD Cowen upgraded its e.l.f. Beauty Inc [ELF] rating to a Buy from a a Hold in a research note published on April 17, 2024; the price target was decreased to $190 from $220. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who began to cover the stock in late January with a ‘”a Neutral”‘ rating. Morgan Stanley also remained covering ELF and has decreased its forecast on January 22, 2024 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Raymond James revised its rating on October 23, 2023. It rated ELF as “a Strong buy” which previously was an “an Outperform”.
Price Performance Review of ELF
On Friday, e.l.f. Beauty Inc [NYSE:ELF] saw its stock fall -0.26% to $160.12. Over the last five days, the stock has lost -10.86%. e.l.f. Beauty Inc shares have risen nearly 10.93% since the year began. Nevertheless, the stocks have risen 73.16% over the past one year. While a 52-week high of $221.83 was reached on 03/04/24, a 52-week low of $83.80 was recorded on 01/02/24. SMA at 50 days reached $184.92, while 200 days put it at $142.93. A total of 1.02 million shares were traded, compared to the trading of 1.15 million shares in the previous session.
Levels Of Support And Resistance For ELF Stock
The 24-hour chart illustrates a support level at 157.64, which if violated will result in even more drops to 155.16. On the upside, there is a resistance level at 163.75. A further resistance level may holdings at 167.38. The Relative Strength Index (RSI) on the 14-day chart is 40.00, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.94%. Stochastics %K at 20.69% indicates the stock is a holding.
