In a filing, Establishment Labs Holdings Inc revealed its 10% Owner JW Asset Management, LLC unloaded Company’s shares for reported $4.51 million on Dec 04 ’24. In the deal valued at $45.15 per share,100,000 shares were sold. As a result of this transaction, JW Asset Management, LLC now holds 3,092,485 shares worth roughly $137.58 million.
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Then, Chacon Quiros Juan Jose sold 3,641 shares, generating $163,989 in total proceeds. Upon selling the shares at $45.04, the Chief Executive Officer now owns 210,735 shares.
Before that, Chacon Quiros Juan Jose sold 3,866 shares. Establishment Labs Holdings Inc shares valued at $174,012 were divested by the Chief Executive Officer at a price of $45.01 per share. As a result of the transaction, Chacon Quiros Juan Jose now holds 215,030 shares, worth roughly $9.57 million.
Citigroup downgraded its Establishment Labs Holdings Inc [ESTA] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who began to cover the stock in late August with a ‘”an Overweight”‘ rating. Citigroup began covering ESTA with “Buy” recommendation on June 29, 2023.
Price Performance Review of ESTA
On Tuesday, Establishment Labs Holdings Inc [NASDAQ:ESTA] saw its stock jump 5.58% to $44.49. Over the last five days, the stock has gained 0.07%. Establishment Labs Holdings Inc shares have risen nearly 72.65% since the year began. Nevertheless, the stocks have risen 80.68% over the past one year. While a 52-week high of $60.12 was reached on 05/15/24, a 52-week low of $24.42 was recorded on 01/03/24. SMA at 50 days reached $43.68, while 200 days put it at $46.15.
Levels Of Support And Resistance For ESTA Stock
The 24-hour chart illustrates a support level at 42.46, which if violated will result in even more drops to 40.43. On the upside, there is a resistance level at 45.60. A further resistance level may holdings at 46.71. The Relative Strength Index (RSI) on the 14-day chart is 53.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 31.54%. Stochastics %K at 44.44% indicates the stock is a holding.
How much short interest is there in Establishment Labs Holdings Inc?
A steep rise in short interest was recorded in Establishment Labs Holdings Inc stocks on 2024-11-29, dropping by -0.24 million shares to a total of 4.88 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 5.12 million shares. There was a decline of -4.91%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 13, 2022 when Mizuho began covering the stock and recommended ‘”a Buy”‘ rating along with a $70 price target.
