Herbalife Ltd’s recently made public that its Director Mendoza Juan Miguel acquired Company’s shares for reported $21225.0 on Nov 08 ’24. In the deal valued at $8.49 per share,2,500 shares were bought. As a result of this transaction, Mendoza Juan Miguel now holds 127,500 shares worth roughly $1.01 million.
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Then, Mendoza Juan Miguel bought 2,500 shares, generating $20,000 in total proceeds. Upon buying the shares at $8.00, the Director now owns 125,000 shares.
Before that, Mendoza Juan Miguel bought 2,500 shares. Herbalife Ltd shares valued at $19,950 were divested by the Director at a price of $7.98 per share. As a result of the transaction, Mendoza Juan Miguel now holds 122,500 shares, worth roughly $0.97 million.
B. Riley Securities reiterated its Herbalife Ltd [HLF] rating to a Buy in a research note published on August 01, 2024; the price target was $17. A number of analysts have revised their coverage, including DA Davidson’s analysts, who began to cover the stock in mid September with a ‘”a Neutral”‘ rating. Mizuho began covering HLF with “Neutral” recommendation on June 07, 2023. BofA Securities started covering the stock on February 03, 2023. It rated HLF as “an Underperform”.
Price Performance Review of HLF
On Monday, Herbalife Ltd [NYSE:HLF] saw its stock fall -0.38% to $7.93. Over the last five days, the stock has gained 0.25%. Herbalife Ltd shares have fallen nearly -48.03% since the year began. Nevertheless, the stocks have fallen -44.08% over the past one year. While a 52-week high of $15.66 was reached on 01/02/24, a 52-week low of $6.59 was recorded on 10/03/24. SMA at 50 days reached $7.57, while 200 days put it at $9.03.
Levels Of Support And Resistance For HLF Stock
The 24-hour chart illustrates a support level at 7.80, which if violated will result in even more drops to 7.66. On the upside, there is a resistance level at 8.16. A further resistance level may holdings at 8.38. The Relative Strength Index (RSI) on the 14-day chart is 49.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.84%. Stochastics %K at 29.29% indicates the stock is a holding.
How much short interest is there in Herbalife Ltd?
A steep rise in short interest was recorded in Herbalife Ltd stocks on 2024-11-15, dropping by -1.93 million shares to a total of 10.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 12.46 million shares. There was a decline of -18.3%, which implies that there is a negative sentiment for the stock.
