Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. e.l.f. Beauty Inc shares valued at $2,272,639 were sold by AMIN TARANG on Sep 05 ’24. At $136.18 per share, AMIN TARANG sold 16,688 shares. The insider’s holdings dropped to 106,016 shares worth approximately $11.2 million following the completion of this transaction.
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Also, AMIN TARANG sold 6,840 shares, netting a total of over 931,234 in proceeds. Following the sale of shares at $136.15 each, the insider now holds 211,087 shares.
Before that, TP AMIN IRREVOCABLE TRUST U/T/ had added 3,420 shares to its account. In a trade valued at $469,634, the Director bought e.l.f. Beauty Inc shares for $137.32 each.
As published in their initiating research note from B. Riley Securities on September 10, 2024, e.l.f. Beauty Inc [ELF] has been a Buy and the price target has been revised to $175. Analysts at BofA Securities resumed the stock at ‘”a Buy”‘ outlook in a report released in early September. As of July 18, 2024, Robert W. Baird has increased its “Neutral” rating to a “an Outperform” for ELF. Earlier on June 18, 2024, Canaccord Genuity resumed its rating. Their recommendation was “a Buy” for ELF stock.
Analyzing ELF Stock Performance
During the last five days, there has been a drop of approximately -3.62%. Over the course of the year, e.l.f. Beauty Inc shares have dropped approximately -26.83%. Shares of the company reached a 52-week high of $221.83 on 03/04/24 and a 52-week low of $104.72 on 10/01/24. A 50-day SMA is recorded $143.27, while a 200-day SMA reached $168.69. Nevertheless, trading volume fell to 1.68 million shares from 2.89 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 104.79, which, if violated, would cause prices to drop to 103.96. In the upper region, resistance lies at 106.74. The next price resistance is at 107.85. RSI (Relative Strength Index) is 27.48 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.68, which suggests the price will decrease in the coming days. Percent R is at 95.07%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
