Elanco Animal Health Inc’s recent filing unveils that its Director Harrington Michael J acquired Company’s shares for reported $51974.0 on Aug 22 ’24. In the deal valued at $14.85 per share,3,500 shares were bought. As a result of this transaction, Harrington Michael J now holds 81,094 shares worth roughly $1.0 million.
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Then, Simmons Jeffrey N bought 100,000 shares, generating $1,300,610 in total proceeds. Upon buying the shares at $13.01, the PRESIDENT, CEO AND DIRECTOR now owns 145,000 shares.
Before that, DOYLE WILLIAM F bought 15,000 shares. Elanco Animal Health Inc shares valued at $254,700 were divested by the Director at a price of $16.98 per share. As a result of the transaction, DOYLE WILLIAM F now holds 76,330 shares, worth roughly $0.94 million.
UBS initiated its Elanco Animal Health Inc [ELAN] rating to a Buy in a research note published on December 09, 2024; the price target was $18. A number of analysts have revised their coverage, including Leerink Partners’s analysts, who began to cover the stock in early December with a ‘”a Market perform”‘ rating. Morgan Stanley also remained covering ELAN and has decreased its forecast on September 19, 2024 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Stifel revised its rating on January 05, 2024. It rated ELAN as “a Buy” which previously was an “a Hold”.
Price Performance Review of ELAN
On Tuesday, Elanco Animal Health Inc [NYSE:ELAN] saw its stock jump 1.40% to $12.31. Over the last five days, the stock has lost -0.89%. Elanco Animal Health Inc shares have fallen nearly -17.38% since the year began. Nevertheless, the stocks have fallen -10.54% over the past one year. While a 52-week high of $18.80 was reached on 06/12/24, a 52-week low of $11.40 was recorded on 08/08/24. SMA at 50 days reached $13.16, while 200 days put it at $14.58.
Levels Of Support And Resistance For ELAN Stock
The 24-hour chart illustrates a support level at 12.11, which if violated will result in even more drops to 11.90. On the upside, there is a resistance level at 12.44. A further resistance level may holdings at 12.56. The Relative Strength Index (RSI) on the 14-day chart is 41.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.05%. Stochastics %K at 11.38% indicates the stock is a buying.
How much short interest is there in Elanco Animal Health Inc?
A steep rise in short interest was recorded in Elanco Animal Health Inc stocks on 2024-11-29, growing by 1.71 million shares to a total of 15.58 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 13.88 million shares. There was a rise of 10.96%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 19, 2023 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $17 price target.
