e.l.f. Beauty Inc’s recently made public that its Chief Executive Officer AMIN TARANG unloaded Company’s shares for reported $3.85 million on May 06 ’24. In the deal valued at $163.70 per share,23,519 shares were sold. As a result of this transaction, AMIN TARANG now holds 10,890 shares worth roughly $2.07 million.
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Then, Franks Joshua Allen sold 12,506 shares, generating $2,157,285 in total proceeds. Upon selling the shares at $172.50, the SVP, Operations now owns 86,237 shares.
Before that, FIELDS MANDY J sold 1,250 shares. e.l.f. Beauty Inc shares valued at $218,625 were divested by the insider at a price of $174.90 per share. As a result of the transaction, FIELDS MANDY J now holds 77,146 shares, worth roughly $14.64 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 Tuesday, e.l.f. Beauty Inc [NYSE:ELF] saw its stock fall -3.42% to $189.74. Over the last five days, the stock has lost -1.81%. e.l.f. Beauty Inc shares have risen nearly 31.45% since the year began. Nevertheless, the stocks have risen 80.38% over the past one year. While a 52-week high of $221.83 was reached on 03/04/24, a 52-week low of $88.47 was recorded on 01/02/24. SMA at 50 days reached $172.13, while 200 days put it at $148.06. A total of 1.05 million shares were traded, compared to the trading of 1.84 million shares in the previous session.
Levels Of Support And Resistance For ELF Stock
The 24-hour chart illustrates a support level at 186.61, which if violated will result in even more drops to 183.48. On the upside, there is a resistance level at 195.68. A further resistance level may holdings at 201.62. The Relative Strength Index (RSI) on the 14-day chart is 59.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 14.88, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 24.65%. Stochastics %K at 80.16% indicates the stock is a selling.
