Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Lazard Inc shares valued at $4,219,784 were sold by JACOBS KENNETH M on Sep 03 ’24. At $48.08 per share, JACOBS KENNETH M sold 87,770 shares. The insider’s holdings dropped to 1,553,225 shares worth approximately $78.81 million following the completion of this transaction.
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Also, JACOBS KENNETH M sold 71,731 shares, netting a total of over 3,449,111 in proceeds. Following the sale of shares at $48.08 each, the insider now holds 204,279 shares.
Before that, JACOBS KENNETH M had sold 29,503 shares from its account. In a trade valued at $1,424,715, the Executive Chairman traded Lazard Inc shares for $48.29 each. Upon closing the transaction, the insider’s holdings decreased to 29,503 shares, worth approximately $77.31 million.
As published in a research note from Keefe Bruyette on December 20, 2024, Lazard Inc [LAZ] has been rated down from an Outperform to a Mkt perform and the price target has been revised to $57 from $65. Analysts at Morgan Stanley downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in early December. As of September 12, 2024, Wells Fargo has initiated its “an Equal weight” rating for LAZ.
Analyzing LAZ Stock Performance
During the last five days, there has been a drop of approximately -2.27%. Over the course of the year, Lazard Inc shares have dropped approximately -1.44%. Shares of the company reached a 52-week high of $52.59 on 01/02/25 and a 52-week low of $50.57 on 01/02/25. A 50-day SMA is recorded $54.31, while a 200-day SMA reached $46.14. Nevertheless, trading volume fell to 0.61 million shares from 0.43 million shares the previous day.
Support And Resistance Levels for Lazard Inc (LAZ)
According to the 24-hour chart, there is a support level at 50.01, which, if violated, would cause prices to drop to 49.28. In the upper region, resistance lies at 52.03. The next price resistance is at 53.32. RSI (Relative Strength Index) is 36.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.70, which suggests the price will decrease in the coming days. Percent R is at 78.70%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
