Estee Lauder Cos., Inc.’s filing revealed that its Director BARSHEFSKY CHARLENE unloaded Company’s shares for reported $0.32 million on Aug 27 ’24. In the deal valued at $91.93 per share,3,437 shares were sold. As a result of this transaction, BARSHEFSKY CHARLENE now holds 49,800 shares worth roughly $4.55 million.
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Then, BARSHEFSKY CHARLENE bought 3,437 shares, generating $315,958 in total proceeds.
Before that, FORESTER LYNN sold 3,890 shares. Estee Lauder Cos., Inc. shares valued at $364,143 were divested by the Director at a price of $93.61 per share. As a result of the transaction, FORESTER LYNN now holds 15,209 shares, worth roughly $1.39 million.
B. Riley Securities initiated its Estee Lauder Cos., Inc. [EL] rating to a Neutral in a research note published on September 10, 2024; the price target was $95. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who increased its forecast for the stock in late August from “a Neutral” to “an Overweight”. BofA Securities also remained covering EL and has decreased its forecast on August 16, 2024 with a “Neutral” recommendation from previously “Buy” rating. RBC Capital Mkts revised its rating on July 24, 2024. It rated EL as “an Outperform” which previously was an “a Sector perform”.
Price Performance Review of EL
On Tuesday, Estee Lauder Cos., Inc. [NYSE:EL] saw its stock fall -3.19% to $91.43. Over the last five days, the stock has lost -2.64%. Estee Lauder Cos., Inc. shares have fallen nearly -37.48% since the year began. Nevertheless, the stocks have fallen -33.59% over the past one year. While a 52-week high of $159.75 was reached on 02/05/24, a 52-week low of $82.39 was recorded on 09/11/24. SMA at 50 days reached $91.73, while 200 days put it at $120.88.
Levels Of Support And Resistance For EL Stock
The 24-hour chart illustrates a support level at 90.33, which if violated will result in even more drops to 89.22. On the upside, there is a resistance level at 93.36. A further resistance level may holdings at 95.28. The Relative Strength Index (RSI) on the 14-day chart is 44.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.72%. Stochastics %K at 26.36% indicates the stock is a holding.
How much short interest is there in Estee Lauder Cos., Inc.?
A steep rise in short interest was recorded in Estee Lauder Cos., Inc. stocks on 2024-09-30, growing by 1.55 million shares to a total of 5.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 4.06 million shares. There was a rise of 27.69%, which implies that there is a positive sentiment for the stock.
