Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Lilly(Eli) & Co shares valued at $23,281,840 were sold by LILLY ENDOWMENT INC on Sep 03 ’24. At $966.69 per share, LILLY ENDOWMENT INC sold 24,084 shares. The insider’s holdings dropped to 96,891,978 shares worth approximately $77.27 billion following the completion of this transaction.
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Also, LILLY ENDOWMENT INC sold 24,552 shares, netting a total of over 23,777,668 in proceeds. Following the sale of shares at $968.46 each, the insider now holds 96,916,062 shares.
Before that, Zakrowski Donald A had added 750 shares to its account. In a trade valued at $712,500, the Officer bought Lilly(Eli) & Co shares for $950.00 each.
As published in their initiating research note from Bernstein on October 17, 2024, Lilly(Eli) & Co [LLY] has been an Outperform and the price target has been revised to $1100. As of August 12, 2024, Deutsche Bank has increased its “Hold” rating to a “Buy” for LLY. Earlier on February 21, 2024, DZ Bank downgraded its rating. Their new recommendation was “a Hold” for LLY stock which previously was a “a Buy”.
Analyzing LLY Stock Performance
During the last five days, there has been a drop of approximately -3.89%. Over the course of the year, Lilly(Eli) & Co shares have jumped approximately 36.80%. Shares of the company reached a 52-week high of $972.53 on 08/22/24 and a 52-week low of $579.05 on 01/02/24. A 50-day SMA is recorded $898.40, while a 200-day SMA reached $830.17. Nevertheless, trading volume fell to 4.48 million shares from 8.26 million shares the previous day.
Support And Resistance Levels for Lilly(Eli) & Co (LLY)
According to the 24-hour chart, there is a support level at 782.91, which, if violated, would cause prices to drop to 768.37. In the upper region, resistance lies at 807.27. The next price resistance is at 817.09. RSI (Relative Strength Index) is 29.00 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -62.65, which suggests the price will decrease in the coming days. Percent R is at 80.27%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
