Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Evolus Inc shares valued at $49,074 were sold by Beaver Sandra on Sep 06 ’24. At $14.98 per share, Beaver Sandra sold 3,276 shares. The insider’s holdings dropped to 148,502 shares worth approximately $2.53 million following the completion of this transaction.
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Also, Yamagishi-Dressler Tomoko sold 5,631 shares, netting a total of over 89,251 in proceeds. Following the sale of shares at $15.85 each, the insider now holds 82,375 shares.
Before that, MOATAZEDI DAVID had sold 175,940 shares from its account. In a trade valued at $2,214,486, the insider traded Evolus Inc shares for $12.59 each. Upon closing the transaction, the insider’s holdings decreased to 175,940 shares, worth approximately $9.09 million.
As published in a research note from Barclays on January 29, 2024, Evolus Inc [EOLS] has been rated up from an Equal weight to an Overweight and the price target has been revised to $16 from $10. Analysts at Needham started covering the stock with ‘”a Buy”‘ outlook in a report released in late June. As of May 12, 2022, Barclays has increased its “an Underweight” rating to a “an Equal weight” for EOLS. Earlier on January 20, 2022, Truist upgraded its rating. Their new recommendation was “a Buy” for EOLS stock which previously was a “a Hold”.
Analyzing EOLS Stock Performance
During the last five days, there has been a surge of approximately 4.28%. Over the course of the year, Evolus Inc shares have jumped approximately 61.92%. Shares of the company reached a 52-week high of $17.70 on 09/16/24 and a 52-week low of $9.80 on 01/03/24. A 50-day SMA is recorded $14.97, while a 200-day SMA reached $13.02. Nevertheless, trading volume fell to 0.51 million shares from 0.9 million shares the previous day.
Support And Resistance Levels for Evolus Inc (EOLS)
According to the 24-hour chart, there is a support level at 16.77, which, if violated, would cause prices to drop to 16.49. In the upper region, resistance lies at 17.46. The next price resistance is at 17.87. RSI (Relative Strength Index) is 61.86 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.65, which suggests the price will decrease in the coming days. Percent R is at 27.20%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
