In a filing, Denny’s Corp. revealed its Director MILLER JOHN C unloaded Company’s shares for reported $0.33 million on Feb 26 ’24. In the deal valued at $9.25 per share,35,359 shares were sold. As a result of this transaction, MILLER JOHN C now holds 740,626 shares worth roughly $6.5 million.
Then, MILLER JOHN C sold 22,600 shares, generating $211,640 in total proceeds. Upon selling the shares at $9.36, the Director now owns 740,626 shares.
Before that, MILLER JOHN C sold 114,900 shares. Denny’s Corp. shares valued at $1,061,056 were divested by the Director at a price of $9.23 per share. As a result of the transaction, MILLER JOHN C now holds 763,226 shares, worth roughly $6.7 million.
Piper Sandler initiated its Denny’s Corp. [DENN] rating to a Neutral in a research note published on July 18, 2023; the price target was $12. A number of analysts have revised their coverage, including Wedbush’s analysts, who decreased its forecast for the stock in late December from “an Outperform” to “a Neutral”. CL King began covering DENN with “Buy” recommendation on August 29, 2022. Wedbush revised its rating on August 23, 2022. It rated DENN as “an Outperform” which previously was an “a Neutral”.
Price Performance Review of DENN
On Monday, Denny’s Corp. [NASDAQ:DENN] saw its stock jump 4.03% to $8.78. Over the last five days, the stock has lost -1.57%. Denny’s Corp. shares have fallen nearly -19.30% since the year began. Nevertheless, the stocks have fallen -19.74% over the past one year. While a 52-week high of $12.53 was reached on 01/29/24, a 52-week low of $8.11 was recorded on 04/05/24. SMA at 50 days reached $9.41, while 200 days put it at $9.83. A total of 0.81 million shares were traded, compared to the trading of 0.46 million shares in the previous session.
Levels Of Support And Resistance For DENN Stock
The 24-hour chart illustrates a support level at 8.54, which if violated will result in even more drops to 8.31. On the upside, there is a resistance level at 8.91. A further resistance level may holdings at 9.04. The Relative Strength Index (RSI) on the 14-day chart is 44.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.22, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.22%. Stochastics %K at 20.53% indicates the stock is a holding.
How much short interest is there in Denny’s Corp.?
A steep rise in short interest was recorded in Denny’s Corp. stocks on Mar 15, 2024, dropping by -0.59 million shares to a total of 2.39 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 2.98 million shares. There was a decline of -24.69%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 5.65% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.44.
