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Keefe Bruyette’s latest rating for LAZ stock

NUE

Lazard Inc.’s filing revealed that its Executive Chairman JACOBS KENNETH M unloaded Company’s shares for reported $0.27 million on Jun 03 ’24. In the deal valued at $40.00 per share,6,762 shares were sold. As a result of this transaction, JACOBS KENNETH M now holds 1,982,829 shares worth roughly $76.85 million.

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Then, JACOBS KENNETH M sold 4,149 shares, generating $165,960 in total proceeds. Upon selling the shares at $40.00, the Executive Chairman now owns 485,567 shares.

Before that, JACOBS KENNETH M sold 154,131 shares. Lazard Inc. shares valued at $6,197,944 were divested by the Executive Chairman at a price of $40.21 per share. As a result of the transaction, JACOBS KENNETH M now holds 1,989,591 shares, worth roughly $77.12 million.

A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in early January from “a Peer perform” to “an Outperform”. Goldman also remained covering LAZ and has decreased its forecast on September 19, 2023 with a “Sell” recommendation from previously “Neutral” rating. Keefe Bruyette revised its rating on July 13, 2023. It rated LAZ as “a Mkt perform” which previously was an “an Underperform”.

Price Performance Review of LAZ

On Monday, Lazard Inc. [NYSE:LAZ] saw its stock jump 1.52% to $38.76. Over the last five days, the stock has gained 4.67%. Lazard Inc. shares have risen nearly 11.38% since the year began. Nevertheless, the stocks have risen 22.93% over the past one year. While a 52-week high of $42.24 was reached on 03/28/24, a 52-week low of $25.82 was recorded on 01/02/24. SMA at 50 days reached $38.92, while 200 days put it at $35.78. A total of 1.32 million shares were traded, compared to the trading of 4.74 million shares in the previous session.

Levels Of Support And Resistance For LAZ Stock

The 24-hour chart illustrates a support level at 38.33, which if violated will result in even more drops to 37.91. On the upside, there is a resistance level at 39.05. A further resistance level may holdings at 39.34. The Relative Strength Index (RSI) on the 14-day chart is 54.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 6.71%. Stochastics%K at 65.11% indicates the stock is a holding.

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