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. 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 $77.69 million following the completion of this transaction.
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 $76.22 million.
As published in a research note from Wolfe Research on January 03, 2025, Lazard Inc [LAZ] has been rated down from an Outperform to a Peer perform. Analysts at Keefe Bruyette downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in mid December. As of December 09, 2024, Morgan Stanley has decreased its “an Overweight” rating to a “an Equal-weight” for LAZ. Earlier on September 12, 2024, Wells Fargo initiated its rating. Their recommendation was “an Equal weight” for LAZ stock.
Analyzing LAZ Stock Performance
During the last five days, there has been a drop of approximately -2.84%. Over the course of the year, Lazard Inc shares have dropped approximately -2.84%. Shares of the company reached a 52-week high of $52.59 on 01/02/25 and a 52-week low of $48.51 on 01/03/25. A 50-day SMA is recorded $54.20, while a 200-day SMA reached $46.34. Nevertheless, trading volume fell to 0.68 million shares from 0.88 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 49.41, which, if violated, would cause prices to drop to 48.80. In the upper region, resistance lies at 50.49. The next price resistance is at 50.96. RSI (Relative Strength Index) is 36.84 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.88, which suggests the price will decrease in the coming days. Percent R is at 74.49%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
