Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Lilly(Eli) & Co shares valued at $197,361,398 were sold by LILLY ENDOWMENT INC on Jul 10 ’24. At $939.82 per share, LILLY ENDOWMENT INC sold 210,000 shares. The insider’s holdings dropped to 96,943,810 shares worth approximately $90.32 billion following the completion of this transaction.
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Also, LILLY ENDOWMENT INC sold 93,593 shares, netting a total of over 85,977,954 in proceeds. Following the sale of shares at $918.64 each, the insider now holds 97,153,810 shares.
Before that, LILLY ENDOWMENT INC had sold 52,369 shares from its account. In a trade valued at $47,927,194, the 10% Owner traded Lilly(Eli) & Co shares for $915.18 each. Upon closing the transaction, the insider’s holdings decreased to 52,369 shares, worth approximately $90.6 billion.
As published in a research note from Deutsche Bank on August 12, 2024, Lilly(Eli) & Co [LLY] has been rated up from a Hold to a Buy and the price target has been revised to $1025. Analysts at DZ Bank downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late February. As of February 16, 2024, Morgan Stanley has reiterated its “an Overweight” rating for LLY. Earlier on December 21, 2023, Daiwa Securities downgraded its rating. Their new recommendation was “an Outperform” for LLY stock which previously was a “a Buy”.
Analyzing LLY Stock Performance
During the last five days, there has been a surge of approximately 20.66%. Over the course of the year, Lilly(Eli) & Co shares have jumped approximately 59.83%. Shares of the company reached a 52-week high of $966.10 on 07/15/24 and a 52-week low of $579.05 on 01/02/24. A 50-day SMA is recorded $872.99, while a 200-day SMA reached $737.26. Nevertheless, trading volume fell to 3.43 million shares from 3.51 million shares the previous day.
Support And Resistance Levels for Lilly(Eli) & Co (LLY)
According to the 24-hour chart, there is a support level at 912.19, which, if violated, would cause prices to drop to 892.69. In the upper region, resistance lies at 942.78. The next price resistance is at 953.87. RSI (Relative Strength Index) is 62.74 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 76.22, which suggests the price will increase in the coming days. Percent R is at 1.45%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
