A company insider recently sold 22,600 shares of Denny’s Corp. [DENN]. Should You Sale?

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Denny’s Corp. shares valued at $211,640 were sold by MILLER JOHN C on Nov 15. At $9.36 per share, MILLER JOHN C sold 22,600 shares. The insider’s holdings dropped to 740,626 shares worth approximately $7.87 million following the completion of this transaction.

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Also, MILLER JOHN C sold 114,900 shares, netting a total of over 1,061,056 in proceeds. Following the sale of shares at $9.23 each, the insider now holds 763,226 shares.

Before that, Dunn Stephen C. had sold 45,000 shares from its account. In a trade valued at $397,161, the EVP, Chief Global Dev. Ofc. traded Denny’s Corp. shares for $8.83 each. Upon closing the transaction, the insider’s holdings decreased to 45,000 shares, worth approximately $0.72 million.

As published in their initiating research note from Piper Sandler on July 18, 2023, Denny’s Corp. [DENN] has been a Neutral and the price target has been revised to $12.

Analyzing DENN Stock Performance

During the last five days, there has been a drop of approximately -0.93%. Over the course of the year, Denny’s Corp. shares have dropped approximately -2.30%. Shares of the company reached a 52-week high of $11.16 on 01/29/24 and a 52-week low of $10.15 on 01/17/24. A 50-day SMA is recorded $10.42, while a 200-day SMA reached $10.29. Nevertheless, trading volume fell to 0.5 million shares from 0.37 million shares the previous day.

Support And Resistance Levels for Denny’s Corp. (DENN)

According to the 24-hour chart, there is a support level at 10.50, which, if violated, would cause prices to drop to 10.37. In the upper region, resistance lies at 10.87. The next price resistance is at 11.10. RSI (Relative Strength Index) is 49.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.15, which suggests the price will decrease in the coming days. Percent R is at 52.48%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Denny’s Corp. subject to short interest?

Stocks of Denny’s Corp. saw a sharp rise in short interest on Jan 11, 2024 jumping by 0.24 million shares to 2.63 million. Data from Yahoo Finance shows that the short interest on Dec 14, 2023 was 2.39 million shares. A jump of 9.13% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 4.7 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.7.

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