Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. e.l.f. Beauty Inc shares valued at $122,464 were sold by AMIN TARANG on Dec 06 ’24. At $137.60 per share, AMIN TARANG sold 890 shares. The insider’s holdings dropped to 99,699 shares worth approximately $13.05 million following the completion of this transaction.
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Also, Milsten Scott sold 530 shares, netting a total of over 72,928 in proceeds. Following the sale of shares at $137.60 each, the insider now holds 68,853 shares.
Before that, Watson Maureen C. had sold 785 shares from its account. In a trade valued at $102,050, the Director traded e.l.f. Beauty Inc shares for $130.00 each. Upon closing the transaction, the insider’s holdings decreased to 785 shares, worth approximately $0.25 million.
As published in their initiating research note from Goldman on December 13, 2024, e.l.f. Beauty Inc [ELF] has been a Buy and the price target has been revised to $165. Analysts at Deutsche Bank started covering the stock with ‘”a Hold”‘ outlook in a report released in mid December. As of October 16, 2024, Truist has reiterated its “Buy” rating for ELF. Earlier on September 10, 2024, B. Riley Securities initiated its rating. Their recommendation was “a Buy” for ELF stock.
Analyzing ELF Stock Performance
During the last five days, there has been a surge of approximately 2.91%. Over the course of the year, e.l.f. Beauty Inc shares have dropped approximately -9.31%. Shares of the company reached a 52-week high of $221.83 on 03/04/24 and a 52-week low of $98.50 on 11/06/24. A 50-day SMA is recorded $122.40, while a 200-day SMA reached $154.65. Nevertheless, trading volume fell to 0.59 million shares from 0.73 million shares the previous day.
Support And Resistance Levels for e.l.f. Beauty Inc (ELF)
According to the 24-hour chart, there is a support level at 129.60, which, if violated, would cause prices to drop to 128.30. In the upper region, resistance lies at 132.30. The next price resistance is at 133.70. RSI (Relative Strength Index) is 51.37 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.71, which suggests the price will decrease in the coming days. Percent R is at 68.92%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
