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 $68,950,000 were purchased by JACOBS KENNETH M on Feb 14 ’25. At $55.16 per share, JACOBS KENNETH M acquired 1,250,000 shares.
Also, Russo Evan L sold 50,000 shares, netting a total of over 2,670,175 in proceeds. Following the sale of shares at $53.40 each, the insider now holds 34,336 shares.
Before that, Russo Evan L had sold 35,000 shares from its account. In a trade valued at $1,877,250, the CEO of Asset Management traded Lazard Inc shares for $53.64 each. Upon closing the transaction, the insider’s holdings decreased to 35,000 shares, worth approximately $9.12 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 -2.40%. Over the course of the year, Lazard Inc shares have dropped approximately -6.00%. Shares of the company reached a 52-week high of $58.00 on 01/30/25 and a 52-week low of $44.06 on 03/04/25. A 50-day SMA is recorded $51.46, while a 200-day SMA reached $48.59.
Support And Resistance Levels for Lazard Inc (LAZ)
According to the 24-hour chart, there is a support level at 46.72, which, if violated, would cause prices to drop to 45.05. In the upper region, resistance lies at 49.43. The next price resistance is at 50.47. RSI (Relative Strength Index) is 41.80 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.80, which suggests the price will decrease in the coming days. Percent R is at 62.39%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
