Lilly(Eli) & Co’s recently made public that its 10% Owner LILLY ENDOWMENT INC unloaded Company’s shares for reported $23.28 million on Sep 03 ’24. In the deal valued at $966.69 per share,24,084 shares were sold. As a result of this transaction, LILLY ENDOWMENT INC now holds 96,891,978 shares worth roughly $87.05 billion.
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Then, LILLY ENDOWMENT INC sold 24,552 shares, generating $23,777,668 in total proceeds. Upon selling the shares at $968.46, the 10% Owner now owns 96,916,062 shares.
Before that, Zakrowski Donald A bought 750 shares. Lilly(Eli) & Co shares valued at $712,500 were divested by the Officer at a price of $950.00 per share.
A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who increased its forecast for the stock in mid August from “a Hold” to “a Buy”. DZ Bank also remained covering LLY and has decreased its forecast on February 21, 2024 with a “Hold” recommendation from previously “Buy” rating. Morgan Stanley maintained its rating on February 16, 2024. It rated LLY as “an Overweight”.
Price Performance Review of LLY
On Monday, Lilly(Eli) & Co [NYSE:LLY] saw its stock jump 1.27% to $898.40. Over the last five days, the stock has gained 1.41%. Lilly(Eli) & Co shares have risen nearly 54.12% since the year began. Nevertheless, the stocks have risen 65.92% over the past one year. While a 52-week high of $972.53 was reached on 08/22/24, a 52-week low of $531.61 was recorded on 01/02/24. SMA at 50 days reached $898.91, while 200 days put it at $799.11.
Levels Of Support And Resistance For LLY Stock
The 24-hour chart illustrates a support level at 890.22, which if violated will result in even more drops to 882.04. On the upside, there is a resistance level at 905.93. A further resistance level may holdings at 913.46. The Relative Strength Index (RSI) on the 14-day chart is 47.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -11.68, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.15%. Stochastics %K at 38.94% indicates the stock is a holding.
How much short interest is there in Lilly(Eli) & Co?
A steep rise in short interest was recorded in Lilly(Eli) & Co stocks on 2024-09-13, growing by 0.28 million shares to a total of 6.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 6.3 million shares. There was a rise of 4.25%, which implies that there is a positive sentiment for the stock.
