Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Lilly(Eli) & Co shares valued at $723,042 were purchased by Zakrowski Donald A on Nov 08 ’24. At $803.38 per share, Zakrowski Donald A acquired 900 shares.
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Also, Zakrowski Donald A sold 900 shares, netting a total of over 723,042 in proceeds. Following the sale of shares at $803.38 each, the insider now holds 5,480 shares.
Before that, LILLY ENDOWMENT INC had sold 24,084 shares from its account. In a trade valued at $23,281,840, the 10% Owner traded Lilly(Eli) & Co shares for $966.69 each. Upon closing the transaction, the insider’s holdings decreased to 24,084 shares, worth approximately $72.66 billion.
As published in their initiating research note from Wolfe Research on November 15, 2024, Lilly(Eli) & Co [LLY] has been an Outperform and the price target has been revised to $1000. Analysts at Bernstein started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid October. Earlier on August 12, 2024, Deutsche Bank upgraded its rating. Their new recommendation was “a Buy” for LLY stock which previously was a “a Hold”.
Analyzing LLY Stock Performance
During the last five days, there has been a drop of approximately -4.62%. Over the course of the year, Lilly(Eli) & Co shares have jumped approximately 28.65%. 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 $868.47, while a 200-day SMA reached $835.77. Nevertheless, trading volume fell to 3.97 million shares from 5.16 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 738.95, which, if violated, would cause prices to drop to 727.97. In the upper region, resistance lies at 756.95. The next price resistance is at 763.97. RSI (Relative Strength Index) is 32.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -39.46, which suggests the price will decrease in the coming days. Percent R is at 71.65%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
