Estee Lauder Cos., Inc.’s recently made public 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 $4.42 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 $1.35 million.
HSBC Securities downgraded its Estee Lauder Cos., Inc. [EL] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who began to cover the stock in early September with a ‘”a Neutral”‘ rating. Piper Sandler also remained covering EL and has increased its forecast on August 22, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. BofA Securities revised its rating on August 16, 2024. It rated EL as “a Neutral” which previously was an “a Buy”.
Price Performance Review of EL
On Tuesday, Estee Lauder Cos., Inc. [NYSE:EL] saw its stock jump 0.03% to $88.75. Over the last five days, the stock has gained 1.32%. Estee Lauder Cos., Inc. shares have fallen nearly -39.32% since the year began. Nevertheless, the stocks have fallen -28.73% 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 $91.16, while 200 days put it at $118.37.
Levels Of Support And Resistance For EL Stock
The 24-hour chart illustrates a support level at 87.65, which if violated will result in even more drops to 86.54. On the upside, there is a resistance level at 89.63. A further resistance level may holdings at 90.51. The Relative Strength Index (RSI) on the 14-day chart is 42.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.52%. Stochastics %K at 17.93% indicates the stock is a buying.
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 2024-10-15, dropping by -1.21 million shares to a total of 4.49 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 5.7 million shares. There was a decline of -26.88%, which implies that there is a negative sentiment for the stock.
