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e.l.f. Beauty Inc [ELF] Records 200-Day SMA of $155.05

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. e.l.f. Beauty Inc shares valued at $2,005,525 were sold by WOLFORD RICHARD G on Jun 07 ’24. At $181.13 per share, WOLFORD RICHARD G sold 11,072 shares. The insider’s holdings dropped to 12,741 shares worth approximately $2.57 million following the completion of this transaction.

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Also, AMIN TARANG sold 14,952 shares, netting a total of over 2,757,052 in proceeds. Following the sale of shares at $184.39 each, the insider now holds 186,715 shares.

Before that, MARCHISOTTO KORY had sold 13,163 shares from its account. In a trade valued at $2,425,280, the insider traded e.l.f. Beauty Inc shares for $184.25 each. Upon closing the transaction, the insider’s holdings decreased to 13,163 shares, worth approximately $22.17 million.

As published in a research note from Canaccord Genuity on June 18, 2024, e.l.f. Beauty Inc [ELF] has been retained to a Buy and the price target has been revised to $250. Analysts at TD Cowen upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid April. As of January 30, 2024, Robert W. Baird has initiated its “Neutral” rating for ELF. Earlier on January 22, 2024, Morgan Stanley downgraded its rating. Their new recommendation was “an Equal-weight” for ELF stock which previously was a “an Overweight”.

Analyzing ELF Stock Performance

During the last five days, there has been a drop of approximately -1.32%. Over the course of the year, e.l.f. Beauty Inc shares have jumped approximately 39.86%. Shares of the company reached a 52-week high of $221.83 on 03/04/24 and a 52-week low of $131.50 on 01/02/24. A 50-day SMA is recorded $182.52, while a 200-day SMA reached $155.05. Nevertheless, trading volume fell to 0.58 million shares from 0.9 million shares the previous day.

Support And Resistance Levels for e.l.f. Beauty Inc (ELF)

According to the 24-hour chart, there is a support level at 199.67, which, if violated, would cause prices to drop to 197.32. In the upper region, resistance lies at 204.86. The next price resistance is at 207.70. RSI (Relative Strength Index) is 53.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.82, which suggests the price will decrease in the coming days. Percent R is at 57.36%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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