A company insider recently bought 450 shares of Dow Inc. [DOW]. Should You Buy?

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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 $21,640 were purchased by Dial Debra L. on Oct 26. At $48.09 per share, Dial Debra L. acquired 450 shares. The insider’s holdings grew to 1,625 shares worth approximately $75546.25 following the completion of this transaction.


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Also, Dial Debra L. purchased 400 shares, netting a total of over 20,962 in proceeds. Following the buying of shares at $52.41 each, the insider now holds 1,175 shares.

Before that, Ungerleider Howard I had sold 104,101 shares from its account. In a trade valued at $7,151,530, the President and CFO traded Dow Inc. shares for $68.70 each. Upon closing the transaction, the insider’s holdings decreased to 104,101 shares, worth approximately $5.31 million.

As published in their initiating research note from Goldman on October 13, 2022, Dow Inc. [DOW] has been a Neutral and the price target has been revised to $50. This represents a 7.02% premium over Thursday’s closing price. Analysts at Jefferies downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid September. As of September 02, 2022, JP Morgan has decreased its “an Overweight” rating to a “Neutral” for DOW. Earlier on August 29, 2022, KeyBanc Capital Markets downgraded its rating. Their new recommendation was “an Underweight” for DOW stock which previously was a “a Sector weight”.

Analyzing DOW Stock Performance

On Thursday, Dow Inc. [NYSE: DOW] plunged -0.94% to $46.49. The stock’s lowest price that day was $45.97, but it reached a high of $46.97 in the same session. During the last five days, there has been a drop of approximately -2.37%. Over the course of the year, Dow Inc. shares have dropped approximately -18.04%. Shares of the company reached a 52-week high of $71.86 on 04/21/22 and a 52-week low of $42.91 on 10/13/22. A 50-day SMA is recorded $47.08, while a 200-day SMA reached $56.76. Nevertheless, trading volume fell to 5.12 million shares from 4.89 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 45.98, which, if violated, would cause prices to drop to 45.48. In the upper region, resistance lies at 46.98. The next price resistance is at 47.48. RSI (Relative Strength Index) is 49.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.09, which suggests the price will decrease in the coming days. Percent R is at 57.26%, indicating low 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 61,104,532 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 $1,673,887,063. BlackRock Fund Advisors reduced a -0.01% interest valued at $1.38 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 $402.68 million.

In terms of Dow Inc. share price expectations, FactSet research, analysts set an average price target of $48.73 in the next 12 months, up nearly 2.28% from the previous closing price of $46.93. Analysts anticipate Dow Inc. stock to reach $62.00 by 2022, with the lowest price target being $39.00. In spite of this, 26 analysts ranked Dow Inc. stock as a Hold at the end of 2022. On June 22, 2022, Credit Suisse assigned a price target of “an Underperform” to the stock and downgraded coverage with a $49.

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