DoorDash Inc’s recently made public that its Director Brown Shona L unloaded Company’s shares for reported $99120.0 on Apr 04 ’24. In the deal valued at $141.60 per share,700 shares were sold. As a result of this transaction, Brown Shona L now holds 70,111 shares worth roughly $9.64 million.
Then, Fang Andy sold 67,000 shares, generating $9,269,921 in total proceeds. Upon selling the shares at $138.36, the Director now owns 36,482 shares.
Before that, Adarkar Prabir sold 8,000 shares. DoorDash Inc shares valued at $1,103,280 were divested by the PRESIDENT AND COO at a price of $137.91 per share. As a result of the transaction, Adarkar Prabir now holds 910,340 shares, worth roughly $125.11 million.
The Benchmark Company initiated its DoorDash Inc [DASH] rating to a Buy in a research note published on April 04, 2024; the price target was $165. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who increased its forecast for the stock in mid March from “an Underweight” to “a Neutral”. RBC Capital Mkts also remained covering DASH and has increased its forecast on March 04, 2024 with a “an Outperform” recommendation from previously “Sector perform” rating. Morgan Stanley revised its rating on February 22, 2024. It rated DASH as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of DASH
On Monday, DoorDash Inc [NASDAQ:DASH] saw its stock fall -1.53% to $137.43. Over the last five days, the stock has lost -0.59%. DoorDash Inc shares have risen nearly 38.97% since the year began. Nevertheless, the stocks have risen 125.81% over the past one year. While a 52-week high of $143.34 was reached on 03/27/24, a 52-week low of $56.59 was recorded on 01/04/24. SMA at 50 days reached $125.49, while 200 days put it at $96.21. A total of 1.84 million shares were traded, compared to the trading of 2.37 million shares in the previous session.
Levels Of Support And Resistance For DASH Stock
The 24-hour chart illustrates a support level at 135.65, which if violated will result in even more drops to 133.86. On the upside, there is a resistance level at 139.42. A further resistance level may holdings at 141.40. The Relative Strength Index (RSI) on the 14-day chart is 57.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.70%. Stochastics %K at 61.88% indicates the stock is a holding.
How much short interest is there in DoorDash Inc?
A steep rise in short interest was recorded in DoorDash Inc stocks on Mar 15, 2024, dropping by -1.37 million shares to a total of 11.3 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 12.67 million shares. There was a decline of -12.12%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.02% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.26.
The most recent change occurred on January 09, 2024 when BMO Capital Markets began covering the stock and recommended ‘”an Outperform”‘ rating along with a $120 price target.
