Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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 $52604.75000000001 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 $34696.75.
As published in a research note from Jefferies on September 13, 2022, Dow Inc. [DOW] has been rated down from a Buy to a Hold and the price target has been revised to $45 from $71. This represents a 0.51% premium over Thursday’s closing price. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early September. As of August 29, 2022, KeyBanc Capital Markets has decreased its “Sector weight” rating to a “an Underweight” for DOW. Earlier on June 22, 2022, Credit Suisse downgraded its rating. Their new recommendation was “an Underperform” for DOW stock which previously was a “a Neutral”.
Analyzing DOW’s Price Performance
On Thursday, Dow Inc. [NYSE: DOW] plunged -0.47% to $44.77. The stock’s lowest price that day was $44.75, but it reached a high of $45.55 in the same session. During the last five days, there has been a drop of approximately -4.56%. Over the course of the year, Dow Inc. shares have dropped approximately -21.07%. Shares of the company reached a 52-week high of $71.86 on 04/21/22 and a 52-week low of $44.75 on 09/22/22. A 50-day SMA is recorded $51.45, while a 200-day SMA reached $58.40. Nevertheless, trading volume fell to 4.64 million shares from 5.82 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 44.50, which, if violated, would cause prices to drop to 44.22. In the upper region, resistance lies at 45.30. The next price resistance is at 45.82. RSI (Relative Strength Index) is 27.61 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.47, which suggests the price will decrease in the coming days. Percent R is at 99.72%, indicating bearish price movement. Stochastics %K at buying 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 61,104,532 shares, which is about 8.51% of the total DOW shares outstanding. The investor’s shares have plunged by -176,232 from its previous 13-F filing of 61280764.0 shares. With the completion of the sale transaction, SSgA Funds Management, Inc.’s stake is now worth $1,943,278,857. BlackRock Fund Advisors reduced a -0.01% interest valued at $1.61 billion while Capital Research & Management Co sold a -5,094,796 stake. A total of 190,849 shares of Dow Inc. were sold by Geode Capital Management LLC during the quarter, and -8,006,374 were sold by Capital Research & Management Co. In its current portfolio, Morgan Stanley Smith Barney LLC holds 9,166,367 shares valued at $467.48 million.
In terms of Dow Inc. share price expectations, FactSet research, analysts set an average price target of $53.62 in the next 12 months, up nearly 13.38% from the previous closing price of $44.98. Analysts anticipate Dow Inc. stock to reach $65.00 by 2022, with the lowest price target being $44.00. In spite of this, 24 analysts ranked Dow Inc. stock as a Hold at the end of 2022. On June 17, 2022, Citigroup assigned a price target of “a Neutral” to the stock and downgraded coverage with a $60.