Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Establishment Labs Holdings Inc shares valued at $4,515,000 were sold by JW Asset Management, LLC on Dec 04 ’24. At $45.15 per share, JW Asset Management, LLC sold 100,000 shares. The insider’s holdings dropped to 3,092,485 shares worth approximately $131.31 million following the completion of this transaction.
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Also, Chacon Quiros Juan Jose sold 3,641 shares, netting a total of over 163,989 in proceeds. Following the sale of shares at $45.04 each, the insider now holds 210,735 shares.
Before that, Chacon Quiros Juan Jose had sold 3,866 shares from its account. In a trade valued at $174,012, the Chief Executive Officer traded Establishment Labs Holdings Inc shares for $45.01 each. Upon closing the transaction, the insider’s holdings decreased to 3,866 shares, worth approximately $9.13 million.
As published in a research note from Citigroup on May 22, 2024, Establishment Labs Holdings Inc [ESTA] has been rated down from a Buy to a Neutral and the price target has been revised to $60. Analysts at JP Morgan started covering the stock with ‘”an Overweight”‘ outlook in a report released in late August. As of June 29, 2023, Citigroup has initiated its “Buy” rating for ESTA.
Analyzing ESTA Stock Performance
During the last five days, there has been a drop of approximately -8.73%. Over the course of the year, Establishment Labs Holdings Inc shares have jumped approximately 64.00%. Shares of the company reached a 52-week high of $60.12 on 05/15/24 and a 52-week low of $24.42 on 01/03/24. A 50-day SMA is recorded $43.59, while a 200-day SMA reached $46.31. Nevertheless, trading volume fell to 0.68 million shares from 0.37 million shares the previous day.
Support And Resistance Levels for Establishment Labs Holdings Inc (ESTA)
According to the 24-hour chart, there is a support level at 40.71, which, if violated, would cause prices to drop to 38.96. In the upper region, resistance lies at 45.77. The next price resistance is at 49.08. RSI (Relative Strength Index) is 44.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.25, which suggests the price will decrease in the coming days. Percent R is at 85.81%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
