DBI (Designer Brands Inc) may reap gains as insiders became active recently

In a filing, Designer Brands Inc revealed its Vice Chair, Chief Product Off Ferree Deborah L unloaded Company’s shares for reported $0.43 million on Dec 04. In the deal valued at $12.58 per share,34,000 shares were sold. As a result of this transaction, Ferree Deborah L now holds 196,813 shares worth roughly $1.72 million.

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Then, Ferree Deborah L sold 33,000 shares, generating $413,160 in total proceeds. Upon selling the shares at $12.52, the Vice Chair, Chief Product Off now owns 230,813 shares.

Before that, Ferree Deborah L sold 32,000 shares. Designer Brands Inc shares valued at $388,480 were divested by the Vice Chair, Chief Product Off at a price of $12.14 per share. As a result of the transaction, Ferree Deborah L now holds 263,813 shares, worth roughly $2.3 million.

Telsey Advisory Group reiterated its Designer Brands Inc [DBI] rating to a Market perform in a research note published On Monday, December 06, 2023; the price target was $10.

Price Performance Review of DBI

On Monday, Designer Brands Inc [NYSE:DBI] saw its stock jump 0.69% to $8.72. Over the last five days, the stock has gained 2.47%. Designer Brands Inc shares have fallen nearly -1.47% since the year began. Nevertheless, the stocks have fallen -16.48% over the past one year. While a 52-week high of $13.44 was reached on 01/02/24, a 52-week low of $6.14 was recorded on 01/19/24. SMA at 50 days reached $9.32, while 200 days put it at $9.75. A total of 0.93 million shares were traded, compared to the trading of 1.11 million shares in the previous session.

Levels Of Support And Resistance For DBI Stock

The 24-hour chart illustrates a support level at 8.56, which if violated will result in even more drops to 8.41. On the upside, there is a resistance level at 8.83. A further resistance level may holdings at 8.94. The Relative Strength Index (RSI) on the 14-day chart is 48.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 30.54%. Stochastics %K at 62.56% indicates the stock is a holding.

How much short interest is there in Designer Brands Inc?

A steep rise in short interest was recorded in Designer Brands Inc stocks on Jan 11, 2024, growing by 2.6 million shares to a total of 10.07 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2023 was 7.47 million shares. There was a rise of 25.82%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 37.90% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.47.

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