Elanco Animal Health Inc’s recent filing unveils that its Director Harrington Michael J acquired Company’s shares for reported $51974.0 on Aug 22 ’24. In the deal valued at $14.85 per share,3,500 shares were bought. As a result of this transaction, Harrington Michael J now holds 81,094 shares worth roughly $1.05 million.
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Then, Simmons Jeffrey N bought 100,000 shares, generating $1,300,610 in total proceeds. Upon buying the shares at $13.01, the PRESIDENT, CEO AND DIRECTOR now owns 145,000 shares.
Before that, DOYLE WILLIAM F bought 15,000 shares. Elanco Animal Health Inc shares valued at $254,700 were divested by the Director at a price of $16.98 per share. As a result of the transaction, DOYLE WILLIAM F now holds 76,330 shares, worth roughly $0.99 million.
Morgan Stanley downgraded its Elanco Animal Health Inc [ELAN] rating to an Equal-weight from a an Overweight in a research note published on September 19, 2024; the price target was decreased to $15 from $17. A number of analysts have revised their coverage, including Stifel’s analysts, who increased its forecast for the stock in early January from “a Hold” to “a Buy”. Jefferies began covering ELAN with “Buy” recommendation on December 19, 2023. Morgan Stanley revised its rating on December 15, 2023. It rated ELAN as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of ELAN
On Friday, Elanco Animal Health Inc [NYSE:ELAN] saw its stock jump 1.09% to $12.97. Over the last five days, the stock has lost -9.74%. Elanco Animal Health Inc shares have fallen nearly -12.95% since the year began. Nevertheless, the stocks have risen 35.95% over the past one year. While a 52-week high of $18.80 was reached on 06/12/24, a 52-week low of $8.52 was recorded on 08/08/24. SMA at 50 days reached $14.42, while 200 days put it at $15.10.
Levels Of Support And Resistance For ELAN Stock
The 24-hour chart illustrates a support level at 12.72, which if violated will result in even more drops to 12.48. On the upside, there is a resistance level at 13.20. A further resistance level may holdings at 13.44. The Relative Strength Index (RSI) on the 14-day chart is 32.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.55%. Stochastics %K at 7.47% indicates the stock is a buying.
How much short interest is there in Elanco Animal Health Inc?
A steep rise in short interest was recorded in Elanco Animal Health Inc stocks on 2024-09-30, dropping by -0.88 million shares to a total of 12.42 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 13.3 million shares. There was a decline of -7.11%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 07, 2023 when Exane BNP Paribas began covering the stock and recommended ‘”an Outperform”‘ rating along with a $18 price target.
