Dow Inc’s recent filing unveils that its Director DAVIS RICHARD K acquired Company’s shares for reported $0.26 million on Nov 16 ’23. In the deal valued at $51.09 per share,5,000 shares were bought. As a result of this transaction, DAVIS RICHARD K now holds 33,665 shares worth roughly $2.01 million.
Then, Dial Debra L. bought 400 shares, generating $21,668 in total proceeds. Upon buying the shares at $54.17, the Director now owns 2,025 shares.
Wolfe Research initiated its Dow Inc [DOW] rating to a Peer perform in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in mid January from “a Neutral” to “a Buy”. Deutsche Bank also remained covering DOW and has decreased its forecast on January 10, 2024 with a “Hold” recommendation from previously “Buy” rating. Argus revised its rating on October 27, 2023. It rated DOW as “a Hold” which previously was an “a Buy”.
Price Performance Review of DOW
On Friday, Dow Inc [NYSE:DOW] saw its stock fall -0.28% to $59.69. Over the last five days, the stock has gained 3.04%. Dow Inc shares have risen nearly 8.84% since the year began. Nevertheless, the stocks have risen 10.01% over the past one year. While a 52-week high of $60.69 was reached on 04/04/24, a 52-week low of $47.26 was recorded on 01/17/24. SMA at 50 days reached $56.16, while 200 days put it at $53.44. A total of 3.86 million shares were traded, compared to the trading of 4.94 million shares in the previous session.
Levels Of Support And Resistance For DOW Stock
The 24-hour chart illustrates a support level at 59.19, which if violated will result in even more drops to 58.69. On the upside, there is a resistance level at 60.09. A further resistance level may holdings at 60.49. The Relative Strength Index (RSI) on the 14-day chart is 66.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.64, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 23.20%. Stochastics %K at 83.37% indicates the stock is a selling.
How much short interest is there in Dow Inc?
A steep rise in short interest was recorded in Dow Inc stocks on Mar 15, 2024, growing by 1.54 million shares to a total of 14.24 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 12.7 million shares. There was a rise of 10.81%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.01% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.45.
