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 $70.46 billion.
Wolfe Research initiated its Lilly(Eli) & Co [LLY] rating to an Outperform in a research note published on November 15, 2024; the price target was $1000. A number of analysts have revised their coverage, including Bernstein’s analysts, who began to cover the stock in mid October with a ‘”an Outperform”‘ rating. Deutsche Bank revised its rating on August 12, 2024. It rated LLY as “a Buy” which previously was an “a Hold”.
Price Performance Review of LLY
On Monday, Lilly(Eli) & Co [NYSE:LLY] saw its stock fall -2.55% to $727.20. Over the last five days, the stock has lost -12.64%. Lilly(Eli) & Co shares have risen nearly 24.75% since the year began. Nevertheless, the stocks have risen 23.52% 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 $878.95, while 200 days put it at $835.29.
Levels Of Support And Resistance For LLY Stock
The 24-hour chart illustrates a support level at 714.40, which if violated will result in even more drops to 701.60. On the upside, there is a resistance level at 737.00. A further resistance level may holdings at 746.80. The Relative Strength Index (RSI) on the 14-day chart is 23.93, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -49.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.40%. Stochastics %K at 8.36% indicates the stock is a buying.
How much short interest is there in Lilly(Eli) & Co?
A steep rise in short interest was recorded in Lilly(Eli) & Co stocks on 2024-10-31, growing by 0.84 million shares to a total of 6.62 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 5.79 million shares. There was a rise of 12.61%, which implies that there is a positive sentiment for the stock.
