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. Dow Inc. shares valued at $20,962 were purchased by Dial Debra L. on Aug 01. At $52.41 per share, Dial Debra L. acquired 400 shares. The insider’s holdings grew to 1,175 shares worth approximately $59913.25 following the completion of this transaction.
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Also, Ungerleider Howard I sold 104,101 shares, netting a total of over 7,151,530 in proceeds. Following the sale of shares at $68.70 each, the insider now holds 114,206 shares.
Before that, Dial Debra L. had added 400 shares to its account. In a trade valued at $27,075, the Director bought Dow Inc. shares for $67.69 each. Upon closing the transaction, the insider’s holdings increased to 400 shares, worth approximately $39517.25.
As published in a research note from Credit Suisse on June 22, 2022, Dow Inc. [DOW] has been rated down from a Neutral to an Underperform and the price target has been revised to $49 from $67. This represents a -4.06% premium over Thursday’s closing price. Analysts at Citigroup downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid June. As of May 31, 2022, Alembic Global Advisors has decreased its “an Overweight” rating to a “Neutral” for DOW. Earlier on May 26, 2022, Evercore ISI downgraded its rating. Their new recommendation was “an In-line” for DOW stock which previously was a “an Outperform”.
Analyzing DOW’s Price Performance
On Thursday, Dow Inc. [NYSE: DOW] plunged -0.97% to $50.99. The stock’s lowest price that day was $50.86, but it reached a high of $51.70 in the same session. During the last five days, there has been a drop of approximately -2.50%. Over the course of the year, Dow Inc. shares have dropped approximately -10.10%. Shares of the company reached a 52-week high of $71.86 on 04/21/22 and a 52-week low of $48.27 on 07/14/22. A 50-day SMA is recorded $56.16, while a 200-day SMA reached $59.46. Nevertheless, trading volume fell to 6.96 million shares from 5.8 million shares the previous day.
Support And Resistance Levels for Dow Inc. (DOW)
According to the 24-hour chart, there is a support level at 50.67, which, if violated, would cause prices to drop to 50.34. In the upper region, resistance lies at 51.51. The next price resistance is at 52.02. RSI (Relative Strength Index) is 40.74 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.43, which suggests the price will decrease in the coming days. Percent R is at 72.95%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Dow Inc. subject to short interest?
Stocks of Dow Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.14 million shares to 14.92 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 15.06 million shares. A decline of -0.94% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.28 of the overall float, the days-to-cover ratio (short ratio) decline to 2.28.
Which companies own the most shares of Dow Inc. (DOW)?
According to The Vanguard Group, Inc. filings, the company currently owns 61,280,764 shares, which is about 8.42% of the total DOW shares outstanding. The investor’s shares have appreciated by 610,565 from its previous 13-F filing of 60670199.0 shares. With the completion of the sale transaction, SSgA Funds Management, Inc.’s stake is now worth $1,981,493,232. Capital Research & Management Co reduced a -0.09% interest valued at $1.65 billion while BlackRock Fund Advisors purchased a 173,641 stake. A total of -9,914,480 shares of Dow Inc. were bought by Capital Research & Management Co during the quarter, and -110,465 were sold by Geode Capital Management LLC. In its current portfolio, Morgan Stanley Smith Barney LLC holds 9,049,306 shares valued at $467.03 million.
In terms of Dow Inc. share price expectations, FactSet research, analysts set an average price target of $61.00 in the next 12 months, up nearly 16.53% from the previous closing price of $51.49. Analysts anticipate Dow Inc. stock to reach $75.00 by 2022, with the lowest price target being $48.00. In spite of this, 25 analysts ranked Dow Inc. stock as a Hold at the end of 2022. On May 23, 2022, Piper Sandler assigned a price target of “a Neutral” to the stock and downgraded coverage with a $78.