In a filing, Establishment Labs Holdings Inc revealed its 10% Owner JW Asset Management, LLC unloaded Company’s shares for reported $4.51 million on Dec 04 ’24. In the deal valued at $45.15 per share,100,000 shares were sold. As a result of this transaction, JW Asset Management, LLC now holds 3,092,485 shares worth roughly $92.59 million.
Then, Chacon Quiros Juan Jose sold 3,641 shares, generating $163,989 in total proceeds. Upon selling the shares at $45.04, the Chief Executive Officer now owns 210,735 shares.
Before that, Chacon Quiros Juan Jose sold 3,866 shares. Establishment Labs Holdings Inc shares valued at $174,012 were divested by the Chief Executive Officer at a price of $45.01 per share. As a result of the transaction, Chacon Quiros Juan Jose now holds 215,030 shares, worth roughly $6.44 million.
Citigroup downgraded its Establishment Labs Holdings Inc [ESTA] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who began to cover the stock in late August with a ‘”an Overweight”‘ rating. Citigroup began covering ESTA with “Buy” recommendation on June 29, 2023.
Price Performance Review of ESTA
On Monday, Establishment Labs Holdings Inc [NASDAQ:ESTA] saw its stock fall -6.58% to $29.94. Over the last five days, the stock has lost -10.14%. Establishment Labs Holdings Inc shares have fallen nearly -35.01% since the year began. Nevertheless, the stocks have fallen -22.23% over the past one year. While a 52-week high of $60.12 was reached on 01/08/25, a 52-week low of $30.20 was recorded on 02/03/25. SMA at 50 days reached $41.17, while 200 days put it at $44.62.
Levels Of Support And Resistance For ESTA Stock
The 24-hour chart illustrates a support level at 29.32, which if violated will result in even more drops to 28.70. On the upside, there is a resistance level at 31.03. A further resistance level may holdings at 32.12. The Relative Strength Index (RSI) on the 14-day chart is 28.39, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.77, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.82%. Stochastics %K at 15.51% indicates the stock is a buying.
How much short interest is there in Establishment Labs Holdings Inc?
A steep rise in short interest was recorded in Establishment Labs Holdings Inc stocks on 2025-01-15, dropping by 15941.0 shares to a total of 5.01 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 5.02 million shares. There was a decline of -0.32%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 13, 2022 when Mizuho began covering the stock and recommended ‘”a Buy”‘ rating along with a $70 price target.
