In a filing, Lilly(Eli) & Co revealed its Officer Zakrowski Donald A acquired Company’s shares for reported $0.72 million on Nov 08 ’24. In the deal valued at $803.38 per share,900 shares were bought.
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Then, Zakrowski Donald A sold 900 shares, generating $723,042 in total proceeds. Upon selling the shares at $803.38, the SVP, Finance, & CAO now owns 5,480 shares.
Before that, LILLY ENDOWMENT INC sold 24,084 shares. Lilly(Eli) & Co shares valued at $23,281,840 were divested by the 10% Owner at a price of $966.69 per share. As a result of the transaction, LILLY ENDOWMENT INC now holds 96,891,978 shares, worth roughly $80.66 billion.
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 jump 0.11% to $832.44. Over the last five days, the stock has gained 3.26%. Lilly(Eli) & Co shares have risen nearly 42.81% since the year began. Nevertheless, the stocks have risen 40.78% over the past one year. While a 52-week high of $972.53 was reached on 08/22/24, a 52-week low of $561.65 was recorded on 01/02/24. SMA at 50 days reached $893.67, while 200 days put it at $832.15.
Levels Of Support And Resistance For LLY Stock
The 24-hour chart illustrates a support level at 823.38, which if violated will result in even more drops to 814.31. On the upside, there is a resistance level at 842.75. A further resistance level may holdings at 853.06. The Relative Strength Index (RSI) on the 14-day chart is 41.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -24.66, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.81%. Stochastics %K at 36.82% 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 2024-10-15, dropping by -0.8 million shares to a total of 5.79 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 6.58 million shares. There was a decline of -13.75%, 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.
