Lazard Inc’s recently made public that its Executive Chairman JACOBS KENNETH M unloaded Company’s shares for reported $4.22 million on Sep 03 ’24. In the deal valued at $48.08 per share,87,770 shares were sold. As a result of this transaction, JACOBS KENNETH M now holds 1,553,225 shares worth roughly $81.17 million.
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Then, JACOBS KENNETH M sold 71,731 shares, generating $3,449,111 in total proceeds. Upon selling the shares at $48.08, the Executive Chairman now owns 204,279 shares.
Before that, JACOBS KENNETH M sold 29,503 shares. Lazard Inc shares valued at $1,424,715 were divested by the Executive Chairman at a price of $48.29 per share. As a result of the transaction, JACOBS KENNETH M now holds 1,523,722 shares, worth roughly $79.63 million.
Keefe Bruyette downgraded its Lazard Inc [LAZ] rating to a Mkt perform from a an Outperform in a research note published on December 20, 2024; the price target was decreased to $57 from $65. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in early December from “an Overweight” to “an Equal-weight”. Wells Fargo began covering LAZ with “an Equal weight” recommendation on September 12, 2024.
Price Performance Review of LAZ
On Monday, Lazard Inc [NYSE:LAZ] saw its stock jump 0.42% to $52.26. Over the last five days, the stock has lost -2.15%. Lazard Inc shares have risen nearly 50.17% since the year began. Nevertheless, the stocks have risen 49.87% over the past one year. While a 52-week high of $61.14 was reached on 11/06/24, a 52-week low of $34.25 was recorded on 01/02/24. SMA at 50 days reached $54.50, while 200 days put it at $45.76.
Levels Of Support And Resistance For LAZ Stock
The 24-hour chart illustrates a support level at 51.43, which if violated will result in even more drops to 50.61. On the upside, there is a resistance level at 52.79. A further resistance level may holdings at 53.32. The Relative Strength Index (RSI) on the 14-day chart is 42.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.92, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.37%. Stochastics %K at 23.08% indicates the stock is a holding.
How much short interest is there in Lazard Inc?
A steep rise in short interest was recorded in Lazard Inc stocks on 2024-11-29, growing by 0.69 million shares to a total of 3.28 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 2.6 million shares. There was a rise of 20.92%, which implies that there is a positive sentiment for the stock.
