The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. e.l.f. Beauty Inc shares valued at $1,145,324 were purchased by Levitan Lauren Cooks on Nov 12 ’24. At $130.15 per share, Levitan Lauren Cooks acquired 8,800 shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, AMIN TARANG sold 16,688 shares, netting a total of over 2,272,639 in proceeds. Following the sale of shares at $136.18 each, the insider now holds 106,016 shares.
Before that, AMIN TARANG had sold 6,840 shares from its account. In a trade valued at $931,234, the Chief Executive Officer traded e.l.f. Beauty Inc shares for $136.15 each. Upon closing the transaction, the insider’s holdings decreased to 6,840 shares, worth approximately $25.96 million.
As published in a research note from Truist on October 16, 2024, e.l.f. Beauty Inc [ELF] has been retained to a Buy and the price target has been revised to $130. Analysts at B. Riley Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in early September. As of September 09, 2024, BofA Securities has reiterated its “Buy” rating for ELF. Earlier on July 18, 2024, Robert W. Baird upgraded its rating. Their new recommendation was “an Outperform” for ELF stock which previously was a “a Neutral”.
Analyzing ELF Stock Performance
During the last five days, there has been a surge of approximately 18.05%. Over the course of the year, e.l.f. Beauty Inc shares have dropped approximately -14.81%. Shares of the company reached a 52-week high of $221.83 on 03/04/24 and a 52-week low of $98.50 on 11/06/24. A 50-day SMA is recorded $111.68, while a 200-day SMA reached $162.65. Nevertheless, trading volume fell to 2.15 million shares from 2.77 million shares the previous day.
Support And Resistance Levels for e.l.f. Beauty Inc (ELF)
According to the 24-hour chart, there is a support level at 119.25, which, if violated, would cause prices to drop to 115.54. In the upper region, resistance lies at 129.60. The next price resistance is at 136.23. RSI (Relative Strength Index) is 57.36 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 15.82, which suggests the price will increase in the coming days. Percent R is at 32.17%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.
