The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Herbalife Ltd shares valued at $21,225 were purchased by Mendoza Juan Miguel on Nov 08 ’24. At $8.49 per share, Mendoza Juan Miguel acquired 2,500 shares. The insider’s holdings grew to 127,500 shares worth approximately $0.81 million following the completion of this transaction.
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Also, Mendoza Juan Miguel purchased 2,500 shares, netting a total of over 20,000 in proceeds. Following the buying of shares at $8.00 each, the insider now holds 125,000 shares.
Before that, Mendoza Juan Miguel had added 2,500 shares to its account. In a trade valued at $19,950, the Director bought Herbalife Ltd shares for $7.98 each. Upon closing the transaction, the insider’s holdings increased to 2,500 shares, worth approximately $0.78 million.
As published in a research note from B. Riley Securities on August 01, 2024, Herbalife Ltd [HLF] has been retained to a Buy and the price target has been revised to $17. Analysts at DA Davidson started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid September. As of June 07, 2023, Mizuho has initiated its “Neutral” rating for HLF. Earlier on February 03, 2023, BofA Securities initiated its rating. Their recommendation was “an Underperform” for HLF stock.
Analyzing HLF Stock Performance
During the last five days, there has been a drop of approximately -10.11%. Over the course of the year, Herbalife Ltd shares have dropped approximately -58.06%. Shares of the company reached a 52-week high of $15.43 on 01/02/24 and a 52-week low of $6.21 on 12/23/24. A 50-day SMA is recorded $7.58, while a 200-day SMA reached $8.93. Nevertheless, trading volume fell to 0.86 million shares from 4.03 million shares the previous day.
Support And Resistance Levels for Herbalife Ltd (HLF)
According to the 24-hour chart, there is a support level at 6.26, which, if violated, would cause prices to drop to 6.18. In the upper region, resistance lies at 6.40. The next price resistance is at 6.46. RSI (Relative Strength Index) is 28.86 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.87, which suggests the price will decrease in the coming days. Percent R is at 93.75%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
