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Establishment Labs Holdings Inc [NASDAQ: ESTA] Sees Increase in Stock Value

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Establishment Labs Holdings Inc shares valued at $309,775 were sold by Chacon Quiros Juan Jose on Jul 01 ’24. At $45.30 per share, Chacon Quiros Juan Jose sold 6,839 shares. The insider’s holdings dropped to 218,896 shares worth approximately $9.59 million following the completion of this transaction.

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Also, LEWIN NICHOLAS SHERIDAN purchased 2,000 shares, netting a total of over 54,073 in proceeds. Following the buying of shares at $27.04 each, the insider now holds 1,064,888 shares.

Before that, LEWIN NICHOLAS SHERIDAN had added 5,000 shares to its account. In a trade valued at $110,000, the Director bought Establishment Labs Holdings Inc shares for $22.00 each. Upon closing the transaction, the insider’s holdings increased to 5,000 shares, worth approximately $0.62 million.

As published in a research note from Citigroup on May 22, 2024, Establishment Labs Holdings Inc [ESTA] has been rated down from a Buy to a Neutral and the price target has been revised to $60. Analysts at JP Morgan started covering the stock with ‘”an Overweight”‘ outlook in a report released in late August. As of June 29, 2023, Citigroup has initiated its “Buy” rating for ESTA.

Analyzing ESTA Stock Performance

During the last five days, there has been a surge of approximately 0.53%. Over the course of the year, Establishment Labs Holdings Inc shares have jumped approximately 69.25%. Shares of the company reached a 52-week high of $60.12 on 05/15/24 and a 52-week low of $24.42 on 01/03/24. A 50-day SMA is recorded $49.94, while a 200-day SMA reached $40.57. Nevertheless, trading volume fell to 78696.0 shares from 0.41 million shares the previous day.

Support And Resistance Levels for Establishment Labs Holdings Inc (ESTA)

According to the 24-hour chart, there is a support level at 42.96, which, if violated, would cause prices to drop to 42.18. In the upper region, resistance lies at 44.16. The next price resistance is at 44.58. RSI (Relative Strength Index) is 41.66 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.43, which suggests the price will decrease in the coming days. Percent R is at 55.36%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.

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