Lilly(Eli) & Co’s recent filing unveils 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 $87.8 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.
Bernstein initiated its Lilly(Eli) & Co [LLY] rating to an Outperform in a research note published on October 17, 2024; the price target was $1100. Deutsche Bank also remained covering LLY and has increased its forecast on August 12, 2024 with a “Buy” recommendation from previously “Hold” rating. DZ Bank revised its rating on February 21, 2024. It rated LLY as “a Hold” which previously was an “a Buy”.
Price Performance Review of LLY
On Monday, Lilly(Eli) & Co [NYSE:LLY] saw its stock fall -1.29% to $906.13. Over the last five days, the stock has lost -2.52%. Lilly(Eli) & Co shares have risen nearly 55.45% since the year began. Nevertheless, the stocks have risen 53.37% over the past one year. While a 52-week high of $972.53 was reached on 08/22/24, a 52-week low of $547.61 was recorded on 01/02/24. SMA at 50 days reached $920.10, while 200 days put it at $815.72.
Levels Of Support And Resistance For LLY Stock
The 24-hour chart illustrates a support level at 900.84, which if violated will result in even more drops to 895.55. On the upside, there is a resistance level at 915.14. A further resistance level may holdings at 924.15. The Relative Strength Index (RSI) on the 14-day chart is 47.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.82, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 51.36%. Stochastics %K at 63.85% 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 2024-09-30, dropping by -0.48 million shares to a total of 5.79 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 6.27 million shares. There was a decline of -8.34%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on February 16, 2024 when Morgan Stanley resumed its ‘”an Overweight”‘ rating for the stock and retained the price target to $950.
