Elanco Animal Health Inc’s recent filing unveils that its Director Harrington Michael J acquired Company’s shares for reported $51974.0 on Aug 22 ’24. In the deal valued at $14.85 per share,3,500 shares were bought. As a result of this transaction, Harrington Michael J now holds 81,094 shares worth roughly $1.18 million.
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Then, Simmons Jeffrey N bought 100,000 shares, generating $1,300,610 in total proceeds. Upon buying the shares at $13.01, the PRESIDENT, CEO AND DIRECTOR now owns 145,000 shares.
Before that, DOYLE WILLIAM F bought 15,000 shares. Elanco Animal Health Inc shares valued at $254,700 were divested by the Director at a price of $16.98 per share. As a result of the transaction, DOYLE WILLIAM F now holds 76,330 shares, worth roughly $1.11 million.
Stifel upgraded its Elanco Animal Health Inc [ELAN] rating to a Buy from a a Hold in a research note published on January 05, 2024; the price target was increased to $20 from $13. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in mid December with a ‘”a Buy”‘ rating. Morgan Stanley also remained covering ELAN and has increased its forecast on December 15, 2023 with a “an Overweight” recommendation from previously “an Equal-weight” rating. Exane BNP Paribas started covering the stock on December 07, 2023. It rated ELAN as “an Outperform”.
Price Performance Review of ELAN
On Monday, Elanco Animal Health Inc [NYSE:ELAN] saw its stock jump 0.41% to $14.53. Over the last five days, the stock has lost -1.69%. Elanco Animal Health Inc shares have fallen nearly -2.48% since the year began. Nevertheless, the stocks have risen 23.66% over the past one year. While a 52-week high of $18.80 was reached on 06/12/24, a 52-week low of $8.52 was recorded on 08/08/24. SMA at 50 days reached $13.85, while 200 days put it at $15.03.
Levels Of Support And Resistance For ELAN Stock
The 24-hour chart illustrates a support level at 14.33, which if violated will result in even more drops to 14.13. On the upside, there is a resistance level at 14.69. A further resistance level may holdings at 14.85. The Relative Strength Index (RSI) on the 14-day chart is 49.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.35%. Stochastics %K at 22.47% indicates the stock is a holding.
How much short interest is there in Elanco Animal Health Inc?
A steep rise in short interest was recorded in Elanco Animal Health Inc stocks on 2024-08-30, dropping by -0.2 million shares to a total of 13.3 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 13.5 million shares. There was a decline of -1.49%, which implies that there is a negative sentiment for the stock.
