Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Estee Lauder Cos., Inc shares valued at $518,645 were purchased by TRAVIS TRACEY THOMAS on Dec 10 ’24. At $81.42 per share, TRAVIS TRACEY THOMAS acquired 6,370 shares.
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Also, FRIBOURG PAUL J purchased 77,800 shares, netting a total of over 5,016,181 in proceeds. Following the buying of shares at $64.48 each, the insider now holds 387,800 shares.
Before that, FRIBOURG PAUL J had added 77,500 shares to its account. In a trade valued at $4,960,728, the Director bought Estee Lauder Cos., Inc shares for $64.01 each. Upon closing the transaction, the insider’s holdings increased to 77,500 shares, worth approximately $17.61 million.
As published in a research note from Telsey Advisory Group on November 01, 2024, Estee Lauder Cos., Inc [EL] has been retained to a Market perform and the price target has been revised to $76. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early November. As of October 31, 2024, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for EL. Earlier on October 31, 2024, Stifel downgraded its rating. Their new recommendation was “a Hold” for EL stock which previously was a “a Buy”.
Analyzing EL Stock Performance
During the last five days, there has been a drop of approximately -3.97%. Over the course of the year, Estee Lauder Cos., Inc shares have dropped approximately -48.66%. Shares of the company reached a 52-week high of $159.75 on 02/05/24 and a 52-week low of $62.29 on 11/12/24. A 50-day SMA is recorded $76.01, while a 200-day SMA reached $105.03. Nevertheless, trading volume fell to 1.16 million shares from 2.99 million shares the previous day.
Support And Resistance Levels for Estee Lauder Cos., Inc (EL)
According to the 24-hour chart, there is a support level at 73.93, which, if violated, would cause prices to drop to 72.78. In the upper region, resistance lies at 75.76. The next price resistance is at 76.44. RSI (Relative Strength Index) is 46.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.53, which suggests the price will decrease in the coming days. Percent R is at 85.01%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
