In a filing, e.l.f. Beauty Inc revealed its Chief Executive Officer AMIN TARANG unloaded Company’s shares for reported $2.27 million on Sep 05 ’24. In the deal valued at $136.18 per share,16,688 shares were sold. As a result of this transaction, AMIN TARANG now holds 106,016 shares worth roughly $ 12.08 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, AMIN TARANG sold 6,840 shares, generating $931,234 in total proceeds. Upon selling the shares at $136.15, the Chief Executive Officer now owns 211,087 shares.
Before that, TP AMIN IRREVOCABLE TRUST U/T/ bought 3,420 shares. e.l.f. Beauty Inc shares valued at $469,634 were divested by the Director at a price of $137.32 per share.
BofA Securities reiterated its e.l.f. Beauty Inc [ELF] rating to a Buy in a research note published on September 09, 2024; the price target was $190. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who increased its forecast for the stock in mid July from “a Neutral” to “an Outperform”. Canaccord Genuity also remained covering ELF and reiterated its “Buy” recommendation on June 18, 2024. TD Cowen revised its rating on April 17, 2024. It rated ELF as “a Buy” which previously was an “a Hold”.
Price Performance Review of ELF
On Monday, e.l.f. Beauty Inc [NYSE:ELF] saw its stock fall -7.03% to $113.98. Over the last five days, the stock has lost -23.91%. e.l.f. Beauty Inc shares have fallen nearly -21.03% since the year began. Nevertheless, the stocks have fallen -17.32% over the past one year. While a 52-week high of $221.83 was reached on 03/04/24, a 52-week low of $88.47 was recorded on 09/09/24. SMA at 50 days reached $171.24, while 200 days put it at $169.74.
Levels Of Support And Resistance For ELF Stock
The 24-hour chart illustrates a support level at 111.12, which if violated will result in even more drops to 108.27. On the upside, there is a resistance level at 118.62. A further resistance level may holdings at 123.27. The Relative Strength Index (RSI) on the 14-day chart is 24.88, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -24.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.20%. Stochastics %K at 1.68% indicates the stock is a buying.
How much short interest is there in e.l.f. Beauty Inc?
A steep rise in short interest was recorded in e.l.f. Beauty Inc stocks on 2024-08-15, growing by 1.32 million shares to a total of 3.56 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 2.24 million shares. There was a rise of 37.11%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on January 30, 2024 when Robert W. Baird began covering the stock and recommended ‘”a Neutral”‘ rating along with a $185 price target.
