In a filing, Establishment Labs Holdings Inc revealed its Chief Executive Officer Chacon Quiros Juan Jose unloaded Company’s shares for reported $0.16 million on Jul 11 ’24. In the deal valued at $45.04 per share,3,641 shares were sold. As a result of this transaction, Chacon Quiros Juan Jose now holds 210,735 shares worth roughly $9.54 million.
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Then, Chacon Quiros Juan Jose sold 3,866 shares, generating $174,012 in total proceeds. Upon selling the shares at $45.01, the Chief Executive Officer now owns 215,030 shares.
Before that, Chacon Quiros Juan Jose sold 654 shares. Establishment Labs Holdings Inc shares valued at $29,431 were divested by the Chief Executive Officer at a price of $45.00 per share. As a result of the transaction, Chacon Quiros Juan Jose now holds 214,376 shares, worth roughly $9.7 million.
Citigroup downgraded its Establishment Labs Holdings Inc [ESTA] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who began to cover the stock in late August with a ‘”an Overweight”‘ rating. Citigroup began covering ESTA with “Buy” recommendation on June 29, 2023.
Price Performance Review of ESTA
On Friday, Establishment Labs Holdings Inc [NASDAQ:ESTA] saw its stock jump 8.20% to $45.25. Over the last five days, the stock has lost -3.81%. Establishment Labs Holdings Inc shares have risen nearly 74.78% since the year began. Nevertheless, the stocks have risen 10.20% over the past one year. While a 52-week high of $60.12 was reached on 05/15/24, a 52-week low of $16.96 was recorded on 01/03/24. SMA at 50 days reached $42.67, while 200 days put it at $43.99.
Levels Of Support And Resistance For ESTA Stock
The 24-hour chart illustrates a support level at 42.87, which if violated will result in even more drops to 40.49. On the upside, there is a resistance level at 46.53. A further resistance level may holdings at 47.81. The Relative Strength Index (RSI) on the 14-day chart is 54.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.35, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 37.46%. Stochastics %K at 51.97% indicates the stock is a holding.
How much short interest is there in Establishment Labs Holdings Inc?
A steep rise in short interest was recorded in Establishment Labs Holdings Inc stocks on 2024-09-13, dropping by -0.23 million shares to a total of 4.52 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 4.75 million shares. There was a decline of -5.02%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 13, 2022 when Mizuho began covering the stock and recommended ‘”a Buy”‘ rating along with a $70 price target.
