Eli Lilly And Company Form4 Filing Shows LILLY ENDOWMENT INC Sold 27,353 Shares At An Average Price Of $454.15/Share
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Eli Lilly and Company's Form4 filing reveals that LILLY ENDOWMENT INC sold 27,353 shares at an average price of $454.15 per share.
June 16, 2023 | 8:01 pm
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NEGATIVE IMPACT
LILLY ENDOWMENT INC sold 27,353 shares of Eli Lilly and Company at an average price of $454.15 per share.
The sale of 27,353 shares by LILLY ENDOWMENT INC could have a negative short-term impact on Eli Lilly and Company's stock price, as it may be perceived as a lack of confidence in the company's future performance. The sale represents a significant amount of shares, which could lead to increased selling pressure on the stock.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100