Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Domino’s Pizza Inc. shares valued at $131,670 were sold by GOLDMAN JAMES A on Oct 25. At $330.00 per share, GOLDMAN JAMES A sold 399 shares. The insider’s holdings dropped to 6,123 shares worth approximately $2.16 million following the completion of this transaction.
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Also, HEADEN CYNTHIA A sold 22 shares, netting a total of over 8,842 in proceeds. Following the sale of shares at $401.89 each, the insider now holds 2,976 shares.
Before that, BALSON ANDREW had sold 10,000 shares from its account. In a trade valued at $3,850,000, the Director traded Domino’s Pizza Inc. shares for $385.00 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $11.83 million.
As published in a research note from RBC Capital Mkts on October 11, 2022, Domino’s Pizza Inc. [DPZ] has been retained to an Outperform and the price target has been revised to $430. This represents a 18.12% premium over Thursday’s closing price. Analysts at UBS upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early October. As of September 23, 2022, BMO Capital Markets has increased its “Market perform” rating to a “an Outperform” for DPZ. Earlier on September 23, 2022, Stephens initiated its rating. Their recommendation was “an Equal-weight” for DPZ stock.
Analyzing DPZ Stock Performance
On Thursday, Domino’s Pizza Inc. [NYSE: DPZ] rose 3.85% to $352.07. The stock’s lowest price that day was $335.04, but it reached a high of $353.15 in the same session. During the last five days, there has been a surge of approximately 6.21%. Over the course of the year, Domino’s Pizza Inc. shares have dropped approximately -37.61%. Shares of the company reached a 52-week high of $564.72 on 01/03/22 and a 52-week low of $299.41 on 10/12/22. A 50-day SMA is recorded $338.02, while a 200-day SMA reached $380.26. Nevertheless, trading volume fell to 0.89 million shares from 0.66 million shares the previous day.
Support And Resistance Levels for Domino’s Pizza Inc. (DPZ)
According to the 24-hour chart, there is a support level at 340.36, which, if violated, would cause prices to drop to 328.64. In the upper region, resistance lies at 358.47. The next price resistance is at 364.86. RSI (Relative Strength Index) is 61.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 12.11, which suggests the price will increase in the coming days. Percent R is at 2.77%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
Is Domino’s Pizza Inc. subject to short interest?
Stocks of Domino’s Pizza Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.9 million shares to 1.89 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 2.79 million shares. A decline of -47.62% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.77 of the overall float, the days-to-cover ratio (short ratio) decline to 3.77.
Which companies own the most shares of Domino’s Pizza Inc. (DPZ)?
According to The Vanguard Group, Inc. filings, the company currently owns 3,730,179 shares, which is about 10.40% of the total DPZ shares outstanding. The investor’s shares have plunged by -8,120 from its previous 13-F filing of 3738299.0 shares. With the completion of the sale transaction, BlackRock Fund Advisors’s stake is now worth $680,402,296. Fidelity Management & Research Co acquire a 10.21% interest valued at $591.98 million while T. Rowe Price Associates, Inc. sold a -12,996 stake. A total of -47,475 shares of Domino’s Pizza Inc. were sold by SSgA Funds Management, Inc. during the quarter, and 67,291 were bought by Principal Global Investors LLC. In its current portfolio, Capital Research & Management Co holds 1,259,245 shares valued at $390.62 million.
In terms of Domino’s Pizza Inc. share price expectations, FactSet research, analysts set an average price target of $373.68 in the next 12 months, up nearly 7.96% from the previous closing price of $339.03. Analysts anticipate Domino’s Pizza Inc. stock to reach $450.00 by 2022, with the lowest price target being $315.00. In spite of this, 33 analysts ranked Domino’s Pizza Inc. stock as an Overweight at the end of 2022. On September 08, 2022, Bernstein assigned a price target of “an Underperform” to the stock and initiated coverage with a $334.