Herbalife Ltd’s filing revealed that its Director Mendoza Juan Miguel acquired Company’s shares for reported $74550.0 on May 10 ’24. In the deal valued at $10.65 per share,7,000 shares were bought. As a result of this transaction, Mendoza Juan Miguel now holds 93,279 shares worth roughly $0.97 million.
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Then, Mendoza Juan Miguel bought 5,500 shares, generating $58,245 in total proceeds. Upon buying the shares at $10.59, the Director now owns 86,279 shares.
Before that, Mendoza Juan Miguel bought 2,500 shares. Herbalife Ltd shares valued at $25,425 were divested by the Director at a price of $10.17 per share. As a result of the transaction, Mendoza Juan Miguel now holds 80,779 shares, worth roughly $0.84 million.
DA Davidson initiated its Herbalife Ltd [HLF] rating to a Neutral in a research note published on September 14, 2023; the price target was $13.50. A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in early June with a ‘”a Neutral”‘ rating. BofA Securities began covering HLF with “an Underperform” recommendation on February 03, 2023. Jefferies revised its rating on July 12, 2022. It rated HLF as “a Buy” which previously was an “a Hold”.
Price Performance Review of HLF
On Friday, Herbalife Ltd [NYSE:HLF] saw its stock fall -1.80% to $10.39. Over the last five days, the stock has lost -7.07%. Herbalife Ltd shares have fallen nearly -31.91% since the year began. Nevertheless, the stocks have fallen -19.58% over the past one year. While a 52-week high of $19.48 was reached on 01/02/24, a 52-week low of $6.68 was recorded on 02/15/24. SMA at 50 days reached $10.43, while 200 days put it at $11.71. A total of 2.08 million shares were traded, compared to the trading of 1.32 million shares in the previous session.
Levels Of Support And Resistance For HLF Stock
The 24-hour chart illustrates a support level at 10.19, which if violated will result in even more drops to 10.00. On the upside, there is a resistance level at 10.65. A further resistance level may holdings at 10.91. The Relative Strength Index (RSI) on the 14-day chart is 41.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.31%. Stochastics%K at 5.50% indicates the stock is a buying.
