Lazard Inc’s recent filing unveils that its CEO & Chairman Orszag Peter Richard unloaded Company’s shares for reported $2.94 million on Mar 17 ’25. In the deal valued at $45.56 per share,64,539 shares were sold. As a result of this transaction, Orszag Peter Richard now holds 170,285 shares worth roughly $7.35 million.
Then, Orszag Peter Richard sold 64,539 shares, generating $2,919,813 in total proceeds. Upon selling the shares at $45.24, the CEO & Chairman now owns 234,824 shares.
Before that, Orszag Peter Richard bought 64,539 shares. Lazard Inc shares valued at $2,912,000 were divested by the Officer at a price of $45.12 per share.
Wolfe Research downgraded its Lazard Inc [LAZ] rating to a Peer perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who decreased its forecast for the stock in mid December from “an Outperform” to “a Mkt perform”. Morgan Stanley also remained covering LAZ and has decreased its forecast on December 09, 2024 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Wells Fargo started covering the stock on September 12, 2024. It rated LAZ as “an Equal weight”.
Price Performance Review of LAZ
On Friday, Lazard Inc [NYSE:LAZ] saw its stock fall -3.66% to $43.17. Over the last five days, the stock has lost -5.97%. Lazard Inc shares have fallen nearly -16.14% since the year began. Nevertheless, the stocks have risen 7.74% over the past one year. While a 52-week high of $61.14 was reached on 01/30/25, a 52-week low of $35.56 was recorded on 03/28/25. SMA at 50 days reached $49.99, while 200 days put it at $49.08.
Levels Of Support And Resistance For LAZ Stock
The 24-hour chart illustrates a support level at 42.46, which if violated will result in even more drops to 41.75. On the upside, there is a resistance level at 44.38. A further resistance level may holdings at 45.60. The Relative Strength Index (RSI) on the 14-day chart is 34.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.98, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.75%. Stochastics %K at 24.65% indicates the stock is a holding.
How much short interest is there in Lazard Inc?
A steep rise in short interest was recorded in Lazard Inc stocks on 2025-03-14, dropping by -0.51 million shares to a total of 6.56 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 7.07 million shares. There was a decline of -7.76%, which implies that there is a negative sentiment for the stock.
