In a filing, Establishment Labs Holdings Inc revealed its Chief Executive Officer Chacon Quiros Juan Jose unloaded Company’s shares for reported $0.16 million on Jul 11 ’24. In the deal valued at $45.04 per share,3,641 shares were sold. As a result of this transaction, Chacon Quiros Juan Jose now holds 210,735 shares worth roughly $8.93 million.
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Then, Chacon Quiros Juan Jose sold 3,866 shares, generating $174,012 in total proceeds. Upon selling the shares at $45.01, the Chief Executive Officer now owns 215,030 shares.
Before that, Chacon Quiros Juan Jose sold 654 shares. Establishment Labs Holdings Inc shares valued at $29,431 were divested by the Chief Executive Officer at a price of $45.00 per share. As a result of the transaction, Chacon Quiros Juan Jose now holds 214,376 shares, worth roughly $9.09 million.
Citigroup downgraded its Establishment Labs Holdings Inc [ESTA] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who began to cover the stock in late August with a ‘”an Overweight”‘ rating. Citigroup began covering ESTA with “Buy” recommendation on June 29, 2023.
Price Performance Review of ESTA
On Tuesday, Establishment Labs Holdings Inc [NASDAQ:ESTA] saw its stock fall -6.43% to $42.38. Over the last five days, the stock has lost -11.52%. Establishment Labs Holdings Inc shares have risen nearly 63.69% since the year began. Nevertheless, the stocks have risen 95.48% over the past one year. While a 52-week high of $60.12 was reached on 05/15/24, a 52-week low of $21.25 was recorded on 01/03/24. SMA at 50 days reached $43.37, while 200 days put it at $45.83.
Levels Of Support And Resistance For ESTA Stock
The 24-hour chart illustrates a support level at 41.36, which if violated will result in even more drops to 40.33. On the upside, there is a resistance level at 44.31. A further resistance level may holdings at 46.23. The Relative Strength Index (RSI) on the 14-day chart is 43.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.94, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.81%. Stochastics %K at 30.94% indicates the stock is a holding.
How much short interest is there in Establishment Labs Holdings Inc?
A steep rise in short interest was recorded in Establishment Labs Holdings Inc stocks on 2024-10-15, growing by 0.77 million shares to a total of 5.28 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.52 million shares. There was a rise of 14.48%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 13, 2022 when Mizuho began covering the stock and recommended ‘”a Buy”‘ rating along with a $70 price target.
