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. Herbalife Ltd shares valued at $74,550 were purchased by Mendoza Juan Miguel on May 10 ’24. At $10.65 per share, Mendoza Juan Miguel acquired 7,000 shares. The insider’s holdings grew to 93,279 shares worth approximately $1.1 million following the completion of this transaction.
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Also, Mendoza Juan Miguel purchased 5,500 shares, netting a total of over 58,245 in proceeds. Following the buying of shares at $10.59 each, the insider now holds 86,279 shares.
Before that, Mendoza Juan Miguel had added 2,500 shares to its account. In a trade valued at $25,425, the Director bought Herbalife Ltd shares for $10.17 each. Upon closing the transaction, the insider’s holdings increased to 2,500 shares, worth approximately $0.96 million.
As published in their initiating research note from DA Davidson on September 14, 2023, Herbalife Ltd [HLF] has been a Neutral and the price target has been revised to $13.50. Analysts at Mizuho started covering the stock with ‘”a Neutral”‘ outlook in a report released in early June. As of February 03, 2023, BofA Securities has initiated its “an Underperform” rating for HLF. Earlier on July 12, 2022, Jefferies upgraded its rating. Their new recommendation was “a Buy” for HLF stock which previously was a “a Hold”.
Analyzing HLF Stock Performance
During the last five days, there has been a surge of approximately 2.16%. Over the course of the year, Herbalife Ltd shares have dropped approximately -22.48%. Shares of the company reached a 52-week high of $15.43 on 01/02/24 and a 52-week low of $6.68 on 02/15/24. A 50-day SMA is recorded $11.03, while a 200-day SMA reached $11.45. Nevertheless, trading volume fell to 1.28 million shares from 1.13 million shares the previous day.
Support And Resistance Levels for Herbalife Ltd (HLF)
According to the 24-hour chart, there is a support level at 11.59, which, if violated, would cause prices to drop to 11.36. In the upper region, resistance lies at 12.05. The next price resistance is at 12.28. RSI (Relative Strength Index) is 59.88 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.62, which suggests the price will decrease in the coming days. Percent R is at 8.55%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
